AUTHOR'S BIO
Erik Berglof
Erik Berglof is Chief Economist of the European Bank for Reconstruction and Development.
| RECENT COMMENTARIES | FEATURED COMMENTARIES | MOST READ COMMENTARIES |
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Cross-Border Banking in the Balance
Erik Berglof Series: European Economies 2011-11-14Eurozone leaders must aim to preserve not just the single currency, but also the gains from financial integration in Europe. No region has benefited more from cross-border banking, yet these achievements are now at risk – and with them the European banks themselves.... read Comments: 3 Recommended: 0 Read: 15149
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Stuck in Transition
Erik Berglof Series: Frontiers of Growth 2011-05-19
The G-8 has asked the European Bank for Reconstruction and Development, created to support the post-communist transitions to democracy and market economies, to put its experience to use in Egypt. But which lessons from the Eastern European transition experience are relevant for countries in North Africa and the Middle East?... read Comments: 0 Recommended: 0 Read: 8631
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Re-Booting Emerging Europe
Erik Berglof Series: European Economies 2011-01-07After the 1997-1998 financial crisis, policymakers in Asia’s major emerging markets, vowing “never again” to be humiliated by international capital markets, set out to address the structural weaknesses that had brought their systems down. Policymakers in post-crisis Eastern Europe need to undergo a similar bout of introspection.... read Comments: 4 Recommended: 0 Read: 20260
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Transition in Crisis?
Erik Berglof Series: European Economies 2009-11-02
Thanks to the global economic crisis, Europe’s emerging markets have this year experienced their worst output collapse since the great “transitional recession” that followed the end of communism. Nevertheless, financial and trade integration is unlikely to be reversed - though many countries may move more slowly on completing the remaining reform agenda.... read Comments: 0 Recommended: 0 Read: 16097
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European Financial Regulation’s Wrong Turn
Erik Berglof and Katharina Pistor Series: European Economies 2009-09-28The European Union, heeding calls for more effective financial regulation, has just unveiled a plan for a new pan-European watchdog. But, by retaining the principle that financial institutions' home countries are responsible for regulating their activities in other EU countries, the plan may threaten decades of integration by encouraging host countries to re-impose capital controls.... read Comments: 0 Recommended: 0 Read: 15503
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Slamming the Euro Door
Erik Berglof Series: European Economies 2008-12-01Just as the global financial crisis has made euro membership seem more urgent and necessary than ever, the euro incumbents have started seeking ways to raise the bar for entry. Instead of exploiting their leverage over euro candidates to push them to meet the Maastricht criteria, euro incumbents are contemplating a vague new criterion based on the quality of banking systems. ... read Comments: 0 Recommended: 0 Read: 20886
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New Europe Catches Old Europe’s Cold
Marek Belka and Erik Berglof Series: European Economies 2008-11-03As governments across Western Europe began bailing out banks and their depositors, Eastern Europeans watched nervously, unsure about what the global financial storm would mean for them. Now that the storm has hit them, the fragile bonds of European solidarity are being tested.... read Comments: 0 Recommended: 0 Read: 19568
