INTERNATIONAL AND DOMESTIC POLICY RESPONSES TO THE FINANCIAL CRISIS IN CENTRAL AND EASTERN EUROPE1: LESSONS FOR UKRAINE

Анотація

The paper studies main successes and failures in policy responses to
the financial crisis in Central and Eastern Europe on the global, regional and do-
mestic levels. It is argued in the paper that despite the failure to prevent the crisis
at all levels, coordination of global actions on global and EU levels and high disci-
pline of the CEE countries on domestic level helped them to go ahead in successful
dealing with the crisis. The paper identifies key lessons for Ukraine, the main of
which is that coherent and consistent economic reforms are the only key to success.