01833cas a2200265 a 4500 AALejournalIMF011474 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463927868 1018-5941 BD-DhAAL BD-DhAAL Spadafora, Francesco. The Impact of the Global Crisison South-Eastern Europe / Francesco Spadafora, Emidio Cocozza, Andrea Colabella. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (70 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 This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible country-specific constraints. While sharing a common pre-crisis pattern of strong capital inflows and robust growth, a key difference in the conduct of macroeconomicpolicies is that some countries adopted expansionary (and procyclical) fiscal policies. These moves exacerbated external vulnerabilities and compromised the ability to discretionarily use the fiscal instrument in acountercyclical fashion. Mode of access: Internet Cocozza, Emidio. Colabella, Andrea. IMF Working Papers; Working Paper ; No. 2011/300 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/300/001.2011.issue-300-en.xml IMF e-Library