Balkan and Eastern European Countries in the Midst of the Global Economic Crisis

1. Front Matter

   Pages i-x

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2. European Union, Economic Relations and Macroeconomics

   1. Front Matter

      Pages 1-1

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   2. Origins of Foreign Direct Investment in Croatia: Application of an Expanded Gravity Model

      • Joel I. Deichmann

      Pages 3-21

   3. Balkan Area and EU-15: An Empirical Investigation of Income Convergence

      • Eftychia Tsanana, Constantinos Katrakilidis, Panagiotis Pantelidis

      Pages 23-33

   4. The Economic Relations of Bosnia–Herzegovina and FYROM with the Other States that Emerged from the Breakup of Yugoslavia Considering the Ohrid and Dayton Agreements: The Phenomenon of Yugonostalgia in Trade and Economic Relations of Those Countries

      • George D. Borovas

      Pages 35-48

   5. The Impact of Inflation Targeting Policy on the Inflation Uncertainty in Turkey

      • Özcan Karahan, Olcay Çolak

      Pages 49-61

   6. Fiscal Policy Under the EMU: Facts and Prospects

      • Georgios Makris, Konstantinos Filippidis

      Pages 63-74

3. Finance and Banking

   1. Front Matter

      Pages 75-75

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   2. Central Banks Between Classicism and Modernity

      • Felix-Constantin Burcea, Victor Bălău, Cristina Bâldan, Tiberiu-Cristian Avrămescu, Emilia Ungureanu

      Pages 77-85

   3. Credit Risk in the Romanian Banking System: Evidence from an ARDL Model

      • Eftychia Nikolaidou, Sofoklis D. Vogiazas

      Pages 87-101

4. Regional Policy, Rural Development and Information Society

   1. Front Matter

      Pages 103-103

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   2. Competitiveness and Cohesion in the European Union: A Dilemma?

      • Stilianos Alexiadis, Christos Ladias, Sotirios Milionis

      Pages 105-120

   3. Local Cooperation: A Dynamic Force for Endogenous Rural Development

      • Fotios Chatzitheodoridis, Anastasios Michailidis, Georgios Theodosiou, Efstratios Loizou

      Pages 121-132

   4. Exploring Consumers’ Purchasing Behaviour Regarding Organic Wine in a Convergence E.U. Region: The Case of East Macedonia and Thrace, Greece

      • Lambros Tsourgiannis, Anastasios Karasavvoglou, Michael Nikolaidis

      Pages 133-155

   5. Information Society: Statistical Profiles and Development Stages

      • Kateryna Kononova

      Pages 157-174

The world is changing rapidly. The global economic crisis has called into question the political decisions that have been made by all countries for decades and has led to a re-formulation of tools and aims. Adjustments to the new situation are necessary and entail considerable economic and social costs. The Balkan and Black Sea area is an important reference point for the European and global economy. Accordingly, the study of the economic development in the area is of great interest, engaging politicians and scientists alike. Under this framework, the matter of the relation between the area’s countries and the E.U., the role of the banking system and the importance of the primary sector of the economy as an important developmental factor for the countries’ economies are of great importance.​

• Balkan economies
• Black Sea economies
• Eastern Europe
• Economic crisis
• International economic relations

• School of Business and Economy, Accountancy Department, Kavala Institute of Technology, Kavala, Greece

  Anastasios Karasavvoglou, Persefoni Polychronidou

Anastasios Karasavvoglou is a professor in economics, is the editor in chief of the “International Journal of Economic Sciences and Applied Research” and the president of the annual International Conference "The Economies of Balkan and Eastern Europe Countries in the changed world". He has published many books and papers regarding immigration, regional development and labour market.

Persefoni Polychronidou holds a PhD in Mathematics, has scientific interests in data analysis, in discrete transforms and realization of algorithms for fast processing data. She is assistant editor of the “International Journal of Economic Sciences and Applied Research” and has published several papers regarding empirical economic data.

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