External authors

Valentina Kostyleva

Read article More on this topic

External Publication

Fiscal and Monetary Institutions in Central, Eastern and South-Eastern European Countries

This article studies the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in central, eastern and south-eastern European countries (CESEE) in comparison with other OECD countries. CESEE countries tend to grow faster (or at least tended to grow faster before the crisis) and have more volatile output than non-CESEE OECD countries, […]

By: Zsolt Darvas and Valentina Kostyleva Topic: European Macroeconomics & Governance Date: July 14, 2011
Read article Download PDF

Working Paper

The fiscal and monetary institutions of CESEE countries

The fiscal and monetary institutions of CESEE countries

This working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. A new budgetary discipline index suggests that fiscal institutions are weaker in most CESEE countries than in […]

By: Zsolt Darvas and Valentina Kostyleva Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: February 4, 2011