Camelia Turcu

Perspectives on Financial, Monetary, and Economic Developments in Eastern Europe

This special issue of Eastern European Economics includes a selection of articles presented at the INFER Workshop on Rethinking Development and Macroeconomic Policy on April 20–21, 2017 in Cluj-Napoca (Romania) and at the 19th INFER Annual Conference at the University of Bordeaux (France) on June 7–9, 2017. These two INFER events brought together academics, practitioners, and public officials for a dialogue on development and macroeconomic policies in the wake of the recent crises. Numerous research presentations on the European countries were given. Some of the presented articles put a specific focus on the Central and Eastern European Countries (CEECs). This special issue entitled “Perspectives on Financial,Monetary, and Economic Developments in Eastern Europe” is composed of five of these articles. They analyze key challenges faced by the CEECs on their way to a deeper European integration in the context of the recent financial and debt crises. Fiscal and monetary

Politiques Monétaires et Intégration Européenne Le cas de deux Pays des Balkans

La comparaison des politiques economiques adoptees par la Roumanie et la Bulgarie de la fin du regime communiste a la periode recente fait ressortir les divergences qui distinguent les deux pays voisins balkaniques. Un accent particulier est mis sur l’evolution de leurs politiques monetaires. La perspective de l’adhesion a l’UE a ameliore dans un premier temps la performance de l’ancrage monetaire et du ciblage d’infation, respectivement dans ces pays candidats. Cependant, par la suite la certitude de l’integration europeenne a augmente l’alea moral et a conduit a une hausse rapide de la dette privee surtout en Bulgarie et de la dette publique en Roumanie.