International and Monetary Aspects of Transition in Southeastern Europe

This volume provides a comprehensive account of international and monetary factors that have a decisive influence on the transition process in the countries of Southeastern Europe. The geographical reorientation of trade, its new sectoral structure, increasing competition, market lead integration in the international economy, greater openness, capital movement, new conditions for monetary policies and new exchange rates regimes are only some phenomena that shape the path of transition and influence strongly the prospects for stability and development in the region. The volume is divided in four parts. The first part is devoted to the evolution and structure of the trade relations of the Balkan countries, while the second part investigates the evolution of foreign direct investments in the region with a special focus on their determinants. The role of monetary and exchange rate policy in the transition process of the Balkan countries is examined in the third part, while the fourth part of this volume refers to the initiatives, evolution and prospects of regional economic integration in Southeastern Europe.