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Author:
Ms. Piritta Sorsa
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European Department

Authorized for distribution by Poul M. Thomsen

Contents

  • I. Introduction

  • II. Status of EU Accession in SEE

  • III. Progress in Establishing a Market Economy and Real Convergence

  • IV. Nominal Convergence—Monetary and Fiscal Frameworks and Stabilization

    • A. Stabilization and Monetary Policy Frameworks

    • B. Fiscal Policy Challenges

  • V. Conclusions

  • References

  • Tables

  • 1. EU Accession Status of the SEE Countries

  • 2. SEE: Indicators of the Investment Climate, 2004

  • 3. Financial Sector Indicators in 2004

  • 4. SEE: Summary of Monetary Policy Frameworks

  • 5. SEE: Main Fiscal Indicators, 2004

  • 6. Selected Statutory Tax Rates—New EU Members and SEE Candidate Countries, 2004

  • Figures

  • 1. SEE: Indicators of Transition in 2004

  • 2. SEE: GDP Growth, Average 2000-05

  • 3. SEE: Macroeconomic Indicators, 2004

  • 4. SEE: Competitiveness Indicators, 2000-04

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Macroeconomic Challenges with EU Accession in Southeastern Europe: An Overview
Author:
Ms. Piritta Sorsa