01905cas a2200241 a 4500 AALejournalIMF006393 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451982565 1018-5941 BD-DhAAL BD-DhAAL Atoyan, Ruben. Beyond the Crisis : Revisiting Emerging Europe's Growth Model / Ruben Atoyan. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Focusing on the nexus between economic growth and buildup of external vulnerabilities, this paper provides a systematic account of different growth strategies followed in Central and Eastern Europe in 2000-08 and then uses this growth diagnostics to derive implications for the post-crisis recovery. The main findings point to three policy lessons for improving growth sustainability. First, greater reliance on tradable sectors should be the cornerstone of the future growth model. Second, enhancing domestic sources of bank credit funding would contribute to mitigation of external vulnerabilities and make domestic financial system more resilient to global financial shocks. Third, prudential and macroeconomic policies will have to be more proactive in managing capital inflows, including funneling these inflows into investment in the export-oriented industries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/092 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/092/001.2010.issue-092-en.xml IMF e-Library