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Central and Eastern European Countries have faced many challenges on their way to well functional market economies and to their European integration path. After their EU accession, next challenge was to fulfill Maastricht criteria for adopting euro and entering the euro-zone. There is no easy way in achieving both nominal and real convergence with the most developed European countries. The nominal and real convergence criteria are rather contradictory. That's why the Central and Eastern European Countries must find the best solution for them. Are they prepared for European Monetary Union? How...

The manuscript covers the complex issues of the banking systems in Central and Eastern Europe during the crisis period and the institutional and legal reforms adopted in the banking area in the last years. The book is structured in three parts. Part I presents the structure of the banking systems in the Central and Eastern Europe area. Part II covers the developments of the banking systems in this area during the crisis. Part III presents the reform of the regulations in the banking area as a result of the crisis.