Focus on European Economic Integration 2004–2013

Opinions expressed by the authors of studies do not necessarily reflect the official viewpoint of the Oesterreichische Nationalbank or of the Eurosystem.

2013

  • Focus on European Economic Integration Q4/13

    December 2013.

    Content

    Full version (PDF, 2.9 MB) Download

    • Call for Applications: Visiting Research Program  PDF, 1.2 MB
    • Developments in Selected CESEE Countries: Economic Activity Finally Starting to Recover  PDF, 1.1 MB
    • Outlook for Selected CESEE Countries: Recovery to Gain Traction Gradually – Downside Risks Still Prevail  PDF, 1.7 MB
    • Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel: A GVAR Approach  PDF, 953 kB Backé, Feldkircher, Slacík.
    • Households’ Expectations and Macroeconomic Outcomes – Evidence from the Euro Survey  PDF, 2 MB Beckmann, Moder.
    • Oil Prices, Excess Uncertainty and Trend Growth  PDF, 2 MB Rautava.
    • 74th East Jour Fixe: Latvia Joining the Euro Area  PDF, 408 kB
    • Seminar on the IMF’s Regional Economic Issues: “Faster, Higher, Stronger – Raising the Growth Potential of CESEE”  PDF, 1.4 MB
    • 18th Global Economy Lecture: Rachel Griffith Multinational Firms, Intellectual Property and Taxation   PDF, 1.6 MB
    • Statistical Annex  PDF, 945 kB
    • Notes  PDF, 497 kB

  • Focus on European Economic Integration Q3/13

    September 2013.

    Content

    Full version (PDF, 1.3 MB) Download

    • Call for Entries: Olga Radzyner Award 2013 for Scientific Work on European Economic Integration  PDF, 377 kB
    • Call for Applications: Visiting Research Program  PDF, 378 kB
    • Determinants of Households’ Savings in Central, Eastern and Southeastern Europe  PDF, 646 kB Beckmann, Hake, Urvová.
    • Private Sector Debt in CESEE EU Member States  PDF, 538 kB Lahnsteiner.
    • Determinants of Nonperforming Loans in Central, Eastern and Southeastern Europe  PDF, 590 kB Jakubík, Reininger.
    • Nonperforming Loans in CESEE – An Even Deeper Definitional Comparison  PDF, 591 kB Barisitz.
    • Residential Property Prices in Central, Eastern and Southeastern European Countries: Stocktaking of Data and a View on New Developments in Data Availability  PDF, 506 kB Steiner.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 415 kB
    • OeNB Seminar: Monetary Policy Regimes in CIS Economies and Their Ability to Provide for Price and Financial Stability  PDF, 388 kB
    • 73rd East Jour Fixe: Croatia – The 28th EU Member State  PDF, 462 kB
    • Periodical Publications  PDF, 447 kB

  • Focus on European Economic Integration Q2/13

    June 2013.

    Content

    Full version (PDF, 1.4 MB) Download

    • Call for Entries  PDF, 1.2 MB
    • Call for Applications  PDF, 1.2 MB
    • Developments in Selected CESEE Countries  PDF, 1.6 MB
    • Outlook for Selected CESEE Countries  PDF, 1.2 MB
    • Residential Property Prices in Central, Eastern and Southeastern European Countries  PDF, 1.5 MB Hildebrandt, Huynh-Olesen, Steiner, Wagner.
    • Trust in the EU in CESEE  PDF, 1.6 MB Beckmann, Dvorsky, Scheiber.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 751 kB
    • Turkish-Austrian Economic Relations in a European and International Context  PDF, 1.4 MB
    • IMF April 2013 World Economic Outlook: Hopes, Realities and Surveys  PDF, 1.4 MB
    • Statistical Annex  PDF, 709 kB
    • Notes  PDF, 344 kB

  • Focus on European Economic Integration Q1/13

    March 2013.

    Content

    Full version (PDF, 1.4 MB) Download

    • Call for Entries  PDF, 874 kB
    • Call for Applications  PDF, 317 kB
    • How Important Is Total Factor Productivity for Growth in Central, Eastern and Southeastern European Countries?  PDF, 1.2 MB Benkovskis, Fadejeva, Wörz.
    • Nonperforming Loans in Western Europe – A Selective Comparison of Countries and National Definitions  PDF, 1.4 MB Barisitz.
    • Understanding Central Banks’ Role in Enlargement – Governance Issues  PDF, 1.2 MB Lindner, Mihailovici.
    • The Dynamics of Deposit Euroization in European Post-Transition Countries: Evidence from Threshold VAR  PDF, 1.5 MB Tkalec.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 711 kB
    • Conference on European Economic Integration 2012: Achieving Balanced Growth in the CESEE Countries  PDF, 666 kB
    • Olga Radzyner Award Winners 2012   PDF, 903 kB
    • EBRD Transition Report 2012: Integration across Borders  PDF, 957 kB
    • 72nd East Jour Fixe: External Imbalances and Adjustment to the Crisis in CESEE  PDF, 444 kB
    • Notes  PDF, 375 kB

2012

  • Focus on European Economic Integration Q4/12

    December 2012.

    Content

    Full version (PDF, 2.2 MB) Download

    • Call for Applications  PDF, 698 kB
    • Recent Economic Developments and Outlook  PDF, 1.4 MB
    • Outlook for Selected CESEE Countries: Renewed Slowdown Followed by Modest Recovery  PDF, 1.1 MB
    • How Sustainable Are Public Debt Levels in Emerging Europe?  PDF, 1.4 MB Eller, Urvová.
    • The Impact of Memories of High Inflation on Households’ Trust in Currencies  PDF, 1.3 MB Beckmann, Scheiber.
    • IMF October 2012 World Economic Outlook and Global Financial Stability Report  PDF, 593 kB Lerner.
    • 10th ESCB Emerging Markets Workshop  PDF, 955 kB Slacík.
    • 17th Global Economy Lecture: John Van Reenen Trade-Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity  PDF, 893 kB
    • Statistical Annex  PDF, 674 kB
    • Notes  PDF, 335 kB

  • Focus on European Economic Integration Q3/12

    September 2013.

    Content

    Full version (PDF, 2.8 MB) Download

    • Olga Radzyner Award 2012 for Scientific Work on European Economic Integration  PDF, 2.1 MB
    • Visiting Research Program  PDF, 2.1 MB
    • The Impact of Country Risk Ratings and of the Status of EU Integration on FDI Inflows in CESEE Countries  PDF, 2.2 MB Walch, Wörz.
    • Non-Price Competitiveness Gains of Central, Eastern and Southeastern European Countries in the EU Market  PDF, 3 MB Benkovskis, Wörz.
    • Banking Sector Concentration and Firm Indebtedness: Evidence from Central and Eastern Europe  PDF, 2.7 MB Hake.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 2.1 MB
    • 71st East Jour Fixe – Slovenia: The First Five Years in Monetary Union  PDF, 2.2 MB Urvová.
    • Notes  PDF, 1.7 MB

  • Focus on European Economic Integration Q2/12

    June 2013.

    Content

    Full version (PDF, 2.5 MB) Download

    • Olga Radzyner Award 2012 for Scientific Work on European Economic Integration  PDF, 1.6 MB
    • Visiting Research Program  PDF, 1.6 MB
    • Developments in Selected CESEE Countries: Heterogeneous Growth Performance, Improving Fiscal and External Accounts  PDF, 2.7 MB
    • Outlook for Selected CESEE Countries: Mixed External Environment Compounds Weak Domestic Demand  PDF, 2.7 MB
    • Drivers of Output Loss during the 2008–09 Crisis: A Focus on Emerging Europe  PDF, 2.6 MB Cuaresma, Feldkircher.
    • Not So Trustworthy Anymore? The Euro as a Safe Haven Asset in Central, Eastern and Southeastern Europe  PDF, 2.9 MB Beckmann, Scheiber.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 2.3 MB
    • 70th East Jour Fixe – Forecasting CESEE Growth in Turbulent Times  PDF, 2.2 MB Feldkircher, Wörz.
    • World Economic Outlook April 2012: Growth Resuming, Dangers Remain  PDF, 2 MB Lerner.
    • Statistical Annex  PDF, 2 MB
    • Notes  PDF, 1.7 MB

  • Focus on European Economic Integration Q1/12

    March 2013.

    Content

    Full version (PDF, 3.3 MB) Download

    • Olga Radzyner Award 2012 for Scientific Work on European Economic Integration  PDF, 707 kB
    • Visiting Research Program  PDF, 931 kB
    • Residential Property Markets in CESEE EU Member States  PDF, 1.5 MB Hildebrandt, Martin, Steiner, Wagner.
    • Spillovers of the Greek Crisis to Southeastern Europe: Manageable or a Cause for Concern?  PDF, 2.6 MB Backé, Gardó.
    • CESEE -Related Abstracts from Other OeNB Publications  PDF, 691 kB
    • EBRD Transition Report 2011: The Crisis from the Household Perspective  PDF, 495 kB Eller, Hake.
    • Notes  PDF, 287 kB
    • Referees for Focus on European Economic Integration 2009−2011  PDF, 704 kB

2011

  • Focus on European Economic Integration Q4/11

    December 2011.

    Content

    Full version (PDF, 5.5 MB) Download

    • Visiting Research Program  PDF, 1.6 MB
    • Developments in Selected CESEE Countries: Deteriorating External Demand and Rising Risk Aversion Increasingly Weigh on Growth in CESEE  PDF, 2.1 MB
    • OeNB Conference on European Economic Integration 2011 – European Integration in a Global Economic Setting: CESEE, China and Russia  PDF, 1.7 MB Ritzberger-Grünwald, Silgoner.
    • Olga Radzyner Award Winners 2011  PDF, 2.1 MB
    • 16th Global Economy Lecture: Richard Baldwin  PDF, 2.1 MB Wörz.
    • IMF Regional Economic Outlook: Europe – Navigating Stormy Waters  PDF, 1.7 MB Lerner.
    • Nonperforming Loans in CESEE – What Do They Comprise?  PDF, 2.3 MB Barisitz.
    • Determinants of Foreign Currency Loans in CESEE Countries: A Meta-Analysis  PDF, 2.5 MB Cuaresma, Fidrmuc, Hake.
    • OeNB Euro Survey: Growing Uncertainty, but Overall Euroization Not Affected  PDF, 2.4 MB Beckmann, Dvorsky, Scheiber.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 2 MB
    • Statistical Annex  PDF, 1.8 MB

  • Focus on European Economic Integration Q3/11

    September 2011.

    Content

    Full version (PDF, 2.8 MB) Download

    • Olga Radzyner Award 2011 – Call for Entries  PDF, 2 MB
    • Visiting Research Program  PDF, 2.1 MB
    • The Transmission of Euro Area Monetary Shocks to the Czech Republic, Poland and Hungary: Evidence from a FAVAR Model  PDF, 2.7 MB Benkovskis, Bessonovs, Feldkircher, Wörz.
    • Shifts in International Trade and Value Added from 1995 to 2007: Insights into the Drivers of Growth  PDF, 2.4 MB Francois, Wörz.
    • A Markov Switch to Inflation Targeting in Emerging Market Peggers with a Focus on the Czech Republic, Poland and Hungary  PDF, 2.4 MB Petreski.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 1.6 MB
    • 69th East Jour Fixe – Credit to the Private Sector: Threat to or Opportunity for Growth in CESEE?  PDF, 2.1 MB
    • Notes  PDF, 1.6 MB

  • Focus on European Economic Integration Q2/11

    June 2011.

    Content

    Full version (PDF, 2.6 MB) Download

    • Call for Entries Olga Radzyner Award 2011 for Scientific Work on European Economic Integration  PDF, 2 MB
    • The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe  PDF, 2.1 MB Cuaresma, Eller, Mehrotra.
    • CESEE-Related Abstracts from Other OeNB Publications  PDF, 1.5 MB
    • 68th East Jour Fixe Limited Fiscal Space in CESEE: Needs and Options for Post-Crisis Reform  PDF, 1.9 MB
    • Presentation at the OeNB by Éva Katalin Polgár (ECB): Are Policy Measures Effective in Controlling Credit Growth in Emerging Europe?  PDF, 2.1 MB
    • Statistical Annex  PDF, 1.6 MB
    • Notes  PDF, 1.6 MB

  • Focus on European Economic Integration Q1/11

    March 2011.

    Content

    Full version (PDF, 2.7 MB) Download

    • Call for Entries Olga Radzyner Award 2011 for Scientific Work on European Economic Integration  PDF, 1.5 MB
    • Households’ Exposure to Foreign Currency Loans in CESEE EU Member States and Croatia  PDF, 5.9 MB Steiner.
    • How the Crisis Affected Foreign Currency Borrowing in CESEE: Microeconomic Evidence and Policy Implications  PDF, 1.7 MB Beckmann, Scheiber, Stix.
    • The Refinancing Structure of Banks in Selected CESEE Countries  PDF, 3.1 MB Lahnsteiner.
    • FDI, Trade and Growth in CESEE Countries  PDF, 3.3 MB Fidrmuc, Martin.
    • Determinants of Migrants’ Earnings and Remittances: Evidence from Kosovo  PDF, 1.7 MB Havolli.
    • EBRD Transition Report 2010: Focus on Local Currency Finance in Emerging Europe  PDF, 1.6 MB
    • Lucrezia Reichlin Gives 15th Global Economy Lecture at the OeNB  PDF, 1.5 MB
    • Notes  PDF, 1.6 MB

2010

  • Focus on European Economic Integration Q4/10

    December 2010.

    Content

    Full version (PDF, 1.3 MB) Download

    • Developments in Selected CESEE Countries  PDF, 1.2 MB
    • Crisis Response Policies in Russia, Ukraine, Kazakhstan and Belarus – Stock-Taking and Comparative Assessment  PDF, 589 kB Barisitz, Holzhacker, Lytvyn, Sabyrova.
    • Euro Survey of Spring 2010: Sovereign Debt Crisis Left Traces in CESEE Households' Sentiment, Foreign Currency Portfolios Broadly Unchanged  PDF, 656 kB Dvorsky, Scheiber, Stix.
    • Selected Abstracts  PDF, 150 kB
    • OeNB Conference on European Economic Integration 2010 – Catching-Up Strategies after the Crisis  PDF, 212 kB
    • Olga Radzyner Award Winners 2010  PDF, 576 kB
    • IMF Regional Economic Outlook: Europe – Building Confidence  PDF, 545 kB
    • Statistical Annex  PDF, 1.2 MB
    • Notes  PDF, 224 kB

  • Focus on European Economic Integration Q3/10

    September 2010.

    Content

    Full version (PDF, 2.7 MB) Download

    • Regional Convergence in Europe and the Role of Urban Agglomerations  PDF, 591 kB Cuaresma, Feldkircher.
    • Measuring Competition in CESEE: Stylized Facts and Determinants across Countries and Sectors   PDF, 690 kB Feldkircher, Martin, Wörz.
    • Macrofinancial Stability in Croatia in the Wake of the Global Crisis: Risks and Policy Responses  PDF, 722 kB Gardó.
    • Trade-Enhancing EU Enlargement and the Resurgence of East-East Trade  PDF, 624 kB Hornok.
    • Selected Abstracts  PDF, 100 kB
    • Results of the OeNB Workshop ”Macrofinancial Stability in CESEE: Have We Learned All the Lessons?“  PDF, 175 kB
    • IMF Regional Economic Outlook for Europe: Fostering Sustainability  PDF, 295 kB

  • Focus on European Economic Integration Q2/10

    June 2010.

    Content

    Full version (PDF, 3.6 MB) Download

    • Developments in Selected CESEE Countries  PDF, 2.7 MB
    • Private Sector Credit in CESEE: Long-Run Relationships and Short-Run Dynamics  PDF, 2.1 MB Eller, Frömmel, Srzentic.
    • Real Effects of Crisis Have Reached CESEE Households: Euro Survey Shows Dampened Savings and Changes in Borrowing Behavior  PDF, 1.7 MB Dvorsky, Scheiber, Stix.
    • SUERF Conference and Special East Jour Fixe – Contagion and Spillovers – New Insights from the Crisis  PDF, 1.5 MB
    • 66th East Jour Fixe – Kazakhstan – From Star Performance to Crisis Management and Back Again?  PDF, 1.5 MB
    • Olga Radzyner Award 2010 for Scientific Work on European Economic Integration  PDF, 1.5 MB
    • Selected Abstracts  PDF, 1.5 MB
    • Statistical Annex  PDF, 1.5 MB

  • Focus on European Economic Integration Q1/10

    March 2010.

    Content

    Full version (PDF, 1.7 MB) Download

    • Bank Governance and Financial Stability in CESEE: A Review of the Literature  PDF, 268 kB Gardó.
    • Could Markets Have Helped Predict the Puzzling Exchange Rate Path in CESEE Countries during the Current Crisis?  PDF, 601 kB Cuaresma, Slacík.
    • How Did the Global Financial Crisis Affect the CESEE Region and Latin America? – A Comparative Analysis  PDF, 333 kB Backé, Gallego, Gardó, Martin, Molina, Serena.
    • Trade, Economic Structure and the Great Recession: The Example of Central, Eastern and Southeastern Europe  PDF, 109 kB Francois, Wörz.
    • Estimating Price Elasticities on the Hungarian Consumer Lending and Deposit Markets: Demand Effects and Their Possible Consequences  PDF, 299 kB Holló.
    • Olga Radzyner Award 2010 for Scientific Work on European Economic Integration  PDF, 27 kB
    • Articles Published in Focus on European Economic Integration in 2009  PDF, 48 kB

2009

  • Focus on European Economic Integration Q4/09

    December 2009.

    Content

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    • Developments in Selected CESEE Countries: Gradual Recovery in the Offing – Moderating External Imbalances, but Vulnerabilities Remain an Issue  PDF, 1.4 MB
    • Focus on European Economic Integration 4/09 – Box 1: Financial Market Developments in CESEE: Markets Are in the Process of Stabilizing as Global Risk Appetite Rebounds   PDF, 873 kB
    • Focus on European Economic Integration Q4/09 – Box 2: OeNB-BOFIT Outlook for CESEE Countries: The Region Is Reaching the Trough, a Gradual Recovery, Mainly Driven by External Demand, to Be Seen from 2010 Onwards  PDF, 228 kB
    • The Shock-Absorbing Capacity of the Flexible Exchange Rate in Poland  PDF, 826 kB Stazka-Gawrysiak.
    • CESEE Households amid the Financial Crisis: Euro Survey Shows Darkened Economic Sentiment and Changes in Savings Behavior  PDF, 262 kB Dvorsky, Scheiber, Stix.
    • Simple but Effective: The OeNB’s Forecasting Model for Selected CESEE Countries  PDF, 515 kB Cuaresma, Feldkircher, Slacík, Wörz.
    • The Euro’s Contribution to Economic Stability in CESEE  PDF, 147 kB
    • 65th East Jour Fixe: Credit Default Swaps – Blessing or Curse?  PDF, 129 kB
    • IMF Outlook for Europe: Securing Recovery  PDF, 102 kB
    • Olga Radzyner Award Winners 2009  PDF, 94 kB
    • Selected Abstracts  PDF, 60 kB
    • Statistical Annex  PDF, 117 kB

  • Focus on European Economic Integration QS/09

    December 2009. 1989–2009 – Twenty Years of East-West Integration: Hopes and Achievements

    Content

    Full version (PDF, 1.1 MB) Download

    • Editorial  PDF, 112 kB Nowotny.
    • Taking Stock of Twenty Years of analysis and Research on CESEE at the OeNB  PDF, 198 kB Mooslechner, Ritzberger-Grünwald.
    • Twenty Years of East-West Integration: Reflections on What We Have Learned  PDF, 201 kB Landesmann.
    • Five Years after EU Eastward Enlargement  PDF, 149 kB Belka.
    • Challenges of Monetary Integration in CEE  PDF, 192 kB Tumpel-Gugerell.
    • From the Koruna to the Euro  PDF, 151 kB Kohútiková.
    • Twenty (Five) Years of Banking Reform in CEE  PDF, 143 kB Bokros.
    • A Banker’s Take on Twenty Years of CEE Banking Sector Developments  PDF, 164 kB Kager.
    • Macroconvergence in CESEE  PDF, 203 kB Ritzberger-Grünwald, Wörz.
    • Austria’s Economic Activities in CESEE  PDF, 189 kB Ragacs, Vondra.
    • The Monetary Integration of CESEE EU Member States: Achievements and Prospects  PDF, 202 kB Backé.
    • Central Banks in Transition: Legal and Institutional Challenges on the Way to EU Integration  PDF, 180 kB Dvorsky.
    • Banking Sector Transformation in CESEE  PDF, 198 kB Barisitz.
    • Austrian Banks’ Activities in CESEE  PDF, 216 kB
    • Chronology of Events 1989–2009  PDF, 161 kB Corti.
    • CESEE-Related Activities of the OeNB’s Economic Analysis and Research Department  PDF, 167 kB
    • Contributors & Notes  PDF, 180 kB

  • Focus on European Economic Integration Q3/09

    September 2009.

    Content

    Full version (PDF, 1.5 MB) Download

    • Evaluating Inflation Determinants with a Money Supply Rule in Four Central and Eastern European EU Member States  PDF, 783 kB Mehrotra, Slacík.
    • Economic Growth Determinants for European Regions: Is Central and Eastern Europe Different?  PDF, 835 kB Cuaresma, Doppelhofer, Feldkircher.
    • Macrofinancial Developments and Systemic Change in CIS Central Asia  PDF, 587 kB Barisitz.
    • Sir Tony Atkinson Gives 14th Global Economy Lecture at the OeNB  PDF, 421 kB
    • Selected Abstracts  PDF, 434 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 422 kB

  • Focus on European Economic Integration Q2/09

    June 2009.

    Content

    Full version (PDF, 2.3 MB) Download

    • Developments in Selected Countries  PDF, 1.5 MB
    • Financial Market Developments in Central, Eastern and Southeastern Europe  PDF, 548 kB
    • Outlook for selected Central and Eastern European (CEE) Countries  PDF, 96 kB
    • European and Non-European Emerging Market Currencies: Forward Premium Puzzle and Fundamentals  PDF, 206 kB Backé, Schardax.
    • The 2008 Fall Wave of the OeNB Euro Survey – A First Glimpse of Households’ Reactions to the Global Financial Crisis  PDF, 218 kB Dvorsky, Scheiber, Stix.
    • Fiscal Position and Size of Automatic Stabilizers in the CESEE EU Member States – Implications for Discretionary Measures  PDF, 126 kB Eller.
    • OeNB Seminar “Recent Developments in the Baltic Countries – What Are the Lessons for Southeastern Europe?”  PDF, 72 kB
    • Selected Abstracts h2  PDF, 56 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 39 kB
    • Statistical Annex  PDF, 99 kB

  • Focus on European Economic Integration Q1/09

    March 2009.

    Content

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    • Trade and Wages: Winning and Losing Sectors in the Enlarged European Union  PDF, 508 kB Polgár, Wörz.
    • The Distributional Effects of Trade on Austrian Wages  PDF, 501 kB Pointner.
    • Rationality of Post-Accession Migration  PDF, 634 kB Budnik.
    • Southeastern Europe: Financial Deepening, Foreign Banks and Sudden Stops in Capital Flows  PDF, 511 kB Winkler.
    • 63rd East Jour Fixe – Financial Deepening and Macrofinancial Stability in Southeastern Europe  PDF, 135 kB
    • The OeNB’s Conference on European Economic Integration 2008 – The Integration of European Labor Markets  PDF, 220 kB
    • SUERF Workshop and Special OeNB East Jour Fixe – Current Trends in the Russian Financial System  PDF, 138 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 67 kB

2008

  • Focus on European Economic Integration Q2/08

    June 2008.

    Content

    Full version (PDF, 2.4 MB) Download

    • Editorial  PDF, 93 kB
    • Developments in Selected Countries  PDF, 1.1 MB
    • Real Estate, Construction and Growth in Central and Eastern Europe: Impact on Competitiveness?  PDF, 359 kB Égert, Martin.
    • Housing Loan Developments in the Central and Eastern European EU Member States  PDF, 233 kB Walko.
    • The OeNB Euro Survey in Central, Eastern and Southeastern Europe - The 2008 Spring Wave Update  PDF, 227 kB Dvorsky, Scheiber, Stix.
    • Financial Sector Development in Serbia: Closing Ranks with Peers  PDF, 568 kB Barisitz, Gardó.
    • Selected Abstracts  PDF, 58 kB
    • 62nd East Jour Fixe  PDF, 309 kB
    • Statistical Annex  PDF, 95 kB

  • Focus on European Economic Integration Q1/08

    March 2008.

    Content

    Full version (PDF, 2.2 MB) Download

    • Editorial  PDF, 39 kB
    • Developments in Selected Countries  PDF, 879 kB
    • Euroization in Central, Eastern and Southeastern Europe – First Results from the New OeNB Euro Survey  PDF, 174 kB Dvorsky, Scheiber, Stix.
    • Croatia: Coping with Rapid Financial Deepening  PDF, 328 kB Gardó.
    • Labor Markets in Central, Eastern and Southeastern European EU Member States: General Trends and Migration Effects  PDF, 233 kB Schreiner.
    • Factors Driving Import Demand in Selected Central, Eastern and Southeastern European Countries  PDF, 369 kB Reininger.
    • Determinants of Currency Crises: A Conflict of Generations?  PDF, 281 kB Cuaresma, Slacík.
    • Selected Abstracts  PDF, 59 kB
    • SUERF Workshop and Special OeNB East Jour Fixe – Commodities, Energy and Finance  PDF, 47 kB
    • Opportunities and Risks of Austrian Corporates in Central and Eastern Europe – An Empirical Analysis of the ATX Prime  PDF, 44 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 41 kB
    • Statistical Annex  PDF, 86 kB

2007

  • Focus on European Economic Integration Q2/07

    June 2007.

    Content

    Full version (PDF, 2.1 MB) Download

    • Editorial  PDF, 110 kB
    • Development in Selected Countries  PDF, 674 kB
    • On the Determinants of Currency Crises: The Role of Model Uncertainty  PDF, 354 kB Cuaresma, Slacík.
    • Credit Growth in Central and Eastern Europe Revisited  PDF, 172 kB Backé, Égert, Walko.
    • Exchange Rate Arrangements and Monetary Policy in Southeastern Europe: An Update (2004–2007)  PDF, 249 kB Barisitz.
    • Development and Regional Disparities – Testing the Williamson Curve Hypothesis in the European Union  PDF, 398 kB Szörfi.
    • Selected Abstracts  PDF, 58 kB
    • Currency and Competitiveness – The OeNB’s Conference on European Economic Integration 2007  PDF, 152 kB
    • The "East Jour Fixe" of the Oesterreichische Nationalbank  PDF, 66 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 47 kB
    • Statistical Annex  PDF, 263 kB

  • Focus on European Economic Integration Q1/07

    March 2007.

    Content

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    • Developments in Selected Countries  PDF, 558 kB
    • Determinants of House Price Dynamics in Central and Eastern Europe  PDF, 350 kB Égert.
    • Are Euro Cash Holdings in Central and Eastern Europe Driven by Experience or Anticipation? Results from an OeNB Survey  PDF, 283 kB Ritzberger-Grünwald, Stix.
    • Central Bank Independence in Southeastern Europe with a View to EU Integration – Revisited  PDF, 185 kB Dvorsky.
    • Are the Exchange Rates of EMU Candidate Countries Anchored by their Expected Euro Locking Rates?  PDF, 551 kB Naszódi.
    • Predicting Currency Crises Using the Term Structure of Relative Interest Rates: Case Studies of the Czech Republic and Russia  PDF, 326 kB Cuaresma, Slacík.
    • The Russian Nonfuel Sector: Signs of the Dutch Disease? Evidence from EU-25 Import Competition  PDF, 258 kB Barisitz, Ollus.
    • The Russian Oil Fund as a Tool of Stabilization and Sterilization  PDF, 141 kB Astrov.
    • Highlights  PDF, 164 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 44 kB
    • Statistical Annex  PDF, 85 kB

2006

  • Focus on European Economic Integration Q2/06

    June 2006.

    Content

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    • Recent Economic Developments  PDF, 457 kB
    • Bank Intermediation in Southeastern Europe: Depth and Structure  PDF, 265 kB Backé.
    • How Central and Eastern European Countries Choose Exchange Rate Regimes  PDF, 244 kB Markiewicz.
    • The Dutch Disease in Kazakhstan: An Empirical Investigation  PDF, 369 kB Égert, Leonard.
    • Serbia: Country Profile and Recent Economic Developments  PDF, 271 kB Michal, Slacík.
    • The Financial Situation and Financing of Nonfinancial Corporations in the Ten New EU Member States – A First Empirical Orientation  PDF, 220 kB Reininger, Walko.
    • The CEEC Website  PDF, 63 kB
    • Highlights  PDF, 139 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 43 kB
    • Statistical Annex  PDF, 136 kB

  • Focus on European Economic Integration Q1/06

    March 2006.

    Content

    Full version (PDF, 2 MB) Download

    • Editorial  PDF, 67 kB
    • Developments in Selected Countries  PDF, 368 kB
    • Monetary Transmission in Central and Eastern Europe: Gliding on a Wind of Change  PDF, 541 kB Coricelli, Égert, MacDonald.
    • Interest Rate Pass-Through in Central and Eastern Europe: Reborn from Ashes Merely to Pass Away?  PDF, 443 kB Cuaresma, Égert, Reininger.
    • Credit Growth in Central and Eastern Europe: New (Over)Shooting Stars?  PDF, 371 kB Backé, Égert.
    • Monetary Transmission in the New EU Member States: Evidence from Time-Varying Coefficient Vector Autoregression  PDF, 383 kB Darvas.
    • Ukraine: Macroeconomic Developments and Structural Change with a Special Focus on the Energy Sector  PDF, 272 kB Barisitz, Pemmer.
    • Highlights  PDF, 286 kB
    • Statistical Annex  PDF, 117 kB

2005

  • Focus on European Economic Integration Q2/05

    June 2005.

    Content

    Full version (PDF, 1.2 MB) Download

    • Editorial  PDF, 74 kB
    • Developments in Selected Countries  PDF, 352 kB
    • Banking in Central and Eastern Europe since the Turn of the Millennium — An Overview of Structural Modernization in Ten Countries  PDF, 264 kB Barisitz.
    • Developments in Credit to the Private Sector in Central and Eastern European EU Member States: Emerging from Financial Repression — A Comparative Overview  PDF, 321 kB Backé.
    • Can Banking Intermediation in the Central and Eastern European Countries Ever Catch up with the Euro Area?  PDF, 327 kB Arpa, Reininger, Walko.
    • The Banking Sector of Bosnia and Herzegovina: The Dominant Role of Austrian Banks  PDF, 286 kB Mágel.
    • The Implementation of the Basel Core Principles in Selected Countries from the Perspective of the International Monetary Fund  PDF, 222 kB Ettl, Schober-Rhomberg.
    • The CEEC Website  PDF, 100 kB
    • Selected Abstracts  PDF, 88 kB
    • Real Estate Markets and Capital Flows in the Context of EU Accession  PDF, 84 kB
    • The "East Jour Fixe" of the Oesterreichische Nationalbank  PDF, 95 kB
    • Statistical Annex  PDF, 114 kB

  • Focus on European Economic Integration Q1/05

    March 2005.

    Content

    Full version (PDF, 1.4 MB) Download

    • Developments in Selected Countries  PDF, 435 kB
    • The Euro Changeover in the New Member States - A Preview  PDF, 386 kB Gruber, Ritzberger-Grünwald.
    • Exchange Rate Regimes, Foreign Exchange Volatility and Export Performance in Central and Eastern Europe  PDF, 347 kB Égert, Morales-Zumaquero.
    • Financial Globalization, Capital Account Liberalization and International Consumption Risk-Sharing  PDF, 257 kB Moser, Pointner.
    • Albania: Country Profile and Recent Economic Developments  PDF, 348 kB Schautzer.
    • The CEEC Website  PDF, 288 kB
    • Selected Abstracts  PDF, 141 kB
    • Democracy in Southeastern Europe  PDF, 157 kB
    • The "East Jour Fixe" of the Oesterreichische Nationalbank  PDF, 122 kB
    • Olga Radzyner Award for Scientific Work on European Economic Integration  PDF, 118 kB
    • Statistical Annex  PDF, 179 kB

2004

  • Focus on European Economic Integration Q2-04

    June 2004.

    Content

    Full version (PDF, 1.6 MB) Download

    • Developments in Selected Countries  PDF, 284 kB
    • Central Bank Independence in Southeastern Europe with a View to Future EU Accession  PDF, 217 kB Dvorsky.
    • A Meta-Analysis of Business Cycle Correlations between the Euro Area, CEECs and SEECs – What Do We Know?  PDF, 223 kB Fidrmuc, Korhonen.
    • Exchange Rate Arrangements and Monetary Policy in Southeastern Europe and Turkey: Some Stylized Facts  PDF, 212 kB Barisitz.
    • Exchange Rate Developments and Fundamentals in Four EU Accession and Candidate Countries: Bulgaria, Croatia, Romania and Turkey  PDF, 224 kB Cuaresma, Fidrmuc, Silgoner.
    • Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?  PDF, 403 kB Égert.
    • South Eastern EUROPEAN Challenges and Prospects - The OeNB's Conference on European Economic Integration 2004  PDF, 121 kB
    • The CEEC Website  PDF, 461 kB
    • Selected Abstracts  PDF, 70 kB
    • The “East Jour Fixe” of the Oesterreichische Nationalbank  PDF, 71 kB
    • Statistical Annex  PDF, 94 kB

  • Focus on European Economic Integration Q1-04

    March 2004.

    Content

    Full version (PDF, 1.2 MB) Download

    • Developments in Selected Countries  PDF, 260 kB
    • Nonlinear Exchange Rate Dynamics in Target Zones  PDF, 269 kB Cuaresma, Égert, MacDonald.
    • Determinants of Geographical Concentration Patterns in Central and Eastern European Countries  PDF, 240 kB Hildebrandt, Wörz.
    • Employment and Labor Market Flexibility in the New EU Member States  PDF, 264 kB Gruber.
    • Distorted Incentives Fading?  PDF, 237 kB Barisitz.
    • Oil Prices and the World Economy  PDF, 244 kB Barrell, Pomerantz.
    • Highlights  PDF, 91 kB
    • Statistical Annex  PDF, 81 kB