Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45531
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dc.contributor.authorDarvas, Zsolten_US
dc.date.accessioned2010-04-16en_US
dc.date.accessioned2011-05-12T10:12:17Z-
dc.date.available2011-05-12T10:12:17Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/45531-
dc.description.abstractThe crisis has hit central and eastern European countries harder than other regions of the world. In this policy contribution Resident Scholar Zsolt Darvas looks at the role of the EU and its institutions in supporting crisis-hit CEE countries; the stabilising effects of the EU's coordinated multilateral financial assistance; and the commitment shown by Western European banks to the region. However Darvas argues that there were certain actions, or failures to act, on the part of EU institutions and governments, that have amplified the effects on CEE countries of the crisis. The European Central Bank has given little direct support to non-euro-area countries, and the EU has done little for EU neighbourhood countries. Meanwhile, euro-area membership has shielded from the crisis some countries with worse fundamentals than certain CEE countries.en_US
dc.language.isoengen_US
dc.publisher|aBruegel |cBrusselsen_US
dc.relation.ispartofseries|aBruegel policy contribution |x2009/17en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwInternationale Wirtschaftshilfeen_US
dc.subject.stwEurozoneen_US
dc.subject.stwEU-Staaten (Osteuropa)en_US
dc.subject.stwEU-Staatenen_US
dc.titleThe EU's role in supporting crisis-hit countries in Central and Eastern Europeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn623844257en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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