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Central Europe towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation
Despite the fact that banks in Central Europe are burdened by extraordinarily high bad loan ratios, the recent financial crisis in South East Asia and Russia, has not led to a massive failure of banks in the region. In this paper, we study economic trends and policies that may have helped to insulate CEECs from international financial contagion. Answering what went right over the past few years may not only help to further positive developments, but it may also highlight possible weaknessesdoi:10.1007/978-1-4615-1385-8_7 fatcat:zyhujzzno5anndhlczlnorsnby