IDEAS home Printed from
   My bibliography  Save this paper

Southeastern Europe: post-crisis prospects and risks


  • Camlica, Ferhat
  • Orman, Cuneyt
  • Payzanoglu, Durukan
  • Yucel, Eray


The Southeast European (SEE) countries have strong roots in social and historical terms. Their experience of the last couple of decades indicates, however, that SEE is in continual change and transformation: They want to attain more open societies, functioning markets and well-knit international affairs. This paper examines the economic prospects of the SEE countries from the eye of outsiders. Specifically, we investigate the strength of intra-SEE economic ties, stability at the nexus of financial and real sectors, propagation of shocks from the major economies of Europe to the SEE, and uncertainties surrounding the SEE countries. Along each of these dimensions, we maintain a comparative perspective, spatially relative to continental Europe and Turkey and temporally relative to the pre-crisis period.

Suggested Citation

  • Camlica, Ferhat & Orman, Cuneyt & Payzanoglu, Durukan & Yucel, Eray, 2012. "Southeastern Europe: post-crisis prospects and risks," MPRA Paper 45539, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:45539

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    1. Engle, Robert F. & Kroner, Kenneth F., 1995. "Multivariate Simultaneous Generalized ARCH," Econometric Theory, Cambridge University Press, vol. 11(01), pages 122-150, February.
    2. Bostjan Jazbec & Albulene Kastrati, 2011. "Unlocking Growth Potential in the Balkans," Chapters,in: Post-Crisis Growth and Integration in Europe, chapter 7 Edward Elgar Publishing.
    3. Ralph De Haas & Yevgeniya Korniyenko & Elena Loukoianova & Alexander Pivovarsky, 2012. "Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?," Mo.Fi.R. Working Papers 62, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    4. Cunedioglu, Ekrem & Yucel, Eray, 2011. "Does every stone fall in the same way? new gravity evidence on world trade," MPRA Paper 30870, University Library of Munich, Germany.
    5. Gardó, Sándor & Martin, Reiner, 2010. "The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise," Occasional Paper Series 114, European Central Bank.
    6. repec:ebd:wpaper:143 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item


    Economic performance; Financial stability; International trade; Economic regions; Institutions;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:45539. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.