The post-communist Central European and Baltic economies are now approaching the end of their transitions to well-functioning market systems. In some respects, the approaching EU accession and conclusion of the transition marks the end of a fascinating period in economic history. Beyond Transition focuses on the economic problems and issues facing Central Europe and the Baltics, the Balkans, and countries belonging to the Commonwealth for Independent States (CIS) in the post-transition context. This focus reflects the need to better understand two processes that are increasingly apparent in the post-communist economic space. First, many of the problems now facing policy makers in post-communist economies - choice of exchange rate regime, tax reform, labour market regulation, improving corporate governance - also face policy makers in developed and developing countries in other parts of the world. Second, the EU's eastern enlargement and the policy agendas facing the first wave accession candidates have major implications for the CIS and Balkan countries that have not been (and may never be) invited to join this process.

chapter 1|23 pages

Is there Room for National Monetary Policy in the Global Economy?

ByAndrew Berg, Eduardo Borensztein, Paolo Mauro

chapter 3|23 pages

Assessing Dollarization

ByRobert Ene, Jacek Rostowski

chapter 4|13 pages

Exchange Rate and Monetary Regimes

ByVittorio Corbo

chapter 5|16 pages

Why Unilateral Euroization Makes Sense for (some) Applicant Countries

ByJacek Rostowski

chapter 6|10 pages

Exchange Rate Regimes after Enlargement

ByCharles Wyplosz

chapter 7|17 pages

Labor Market Flexibility in Central and East Europe

ByJan Svejnar

chapter 8|9 pages

Labor Market Reform: Lessons from Spain

ByJuan Francisco Jimeno

chapter 9|9 pages

Designing Labor Market Institutions

ByOlivier Blanchard

chapter 10|28 pages

Tax Systems in Transition

ByPradeep Mitra, Nicholas Stem

chapter 11|8 pages

Tax Reforms in the Baltic States

ByAlari Purju

chapter 12|11 pages

Weak Institutions, Fiscal Policy, and Low Equilibria

ByDaniel Daianu, Radu Vranceanu

chapter 13|16 pages

Privatization and Corporate Governance

BySimon Johnson

chapter 14|17 pages

Growing Irrelevance of Corporate Governance

ByPeter Mihalyi

chapter 15|9 pages

Links between Privatization and Other Policies

ByIrena Grosfeld

chapter 16|22 pages

The EU Enlargement: Consequences for the CIS Countries

ByAnders Aslund, Andrew Warner

chapter 17|12 pages

Russia’s Relations with the EU: Problems and Prospects

ByVladimir Mau

chapter 18|14 pages

Central European Experience and the CIS

ByKalman Mizsei