1.1. Transition to a Market Economy: Reality or Necessity?
1.2. Liberalization,Debt and External (Im)Balances
1.3. Privatization and Institutional Reforms
1.4. Three Decades Later: Achievements and Remaining Challenges
Chapter 2. Financial Globalization
2.1. A Short History of Financial Globalization
2.2. Goods, Services and Financial Flows
2.3. Key Trends
2.4. Financial Integration
2.5. International Capital Flows in the Emerging Balkans
2.6. Are the Balkan Economies Different?
Chapter 3. Trade in Services, Regional Integration and EU Accession Process
3.1. Trade Liberalization and Regional Integration
3.2. Regional Trade Agreements and Regional Cooperation: CEFTA 2006 Trade Cooperation
3.3. Trade Performance Indicators and Intra-regional Trade
3.4. Trade Relations with the EU
Chapter 4 Banking in Transition: On the Road to Success
4.1. Introduction
4.2. The Region's Experience of Banking Transition
4.3. Banking Sector Development
4.4. Banking Soundness and Stability
4.5. Regulatory Experience: A Cross-regional Comparison of Basel II and Basel III Adoption
Chapter 5. Does Stock Market Development Cause Growth?
5.1. Introduction
5.2. Literature Review
5.3. Model Specification
5.4. Empirical Findings
5.5. Conclusion
Chapter 6. Recent Financial Sector Developments in the Emerging Balkans
6.1. Introduction
6.2. The Structure of the Financial System
6.3. Financial Intermediaries Structure
6.4. Financial Euroization
6.5. Financialization
Chapter 7. What is Driving International Financial Integration in the Emerging Balkans?
7.1. Introduction
7.2. Literature Review
7.3. Methodology and Data
7.4. Findings and Discussion
7.5. Conclusion
