Contents: Is there room for national monetary policy in the global economy?; Costs and benefits of monetary sovereignty in the era of globalization; Assessing dollarization; Exchange rate and monetary regimes; Why unilateral Euroization makes sense for (some) applicant countries; Exchange rate regimes after enlargement; Labour market flexibility in Central and East Europe; Labour market reform: lessons from Spain; Designing labour market institutions; Tax systems in transition; Tax reforms in the Baltic States; Weak institutions, fiscal policy, and low equilibria; Privatization and corporate governance; Growing irrelevance of corporate governance; Links between privatization and other policies; The EU enlargement: consequences for the CIS countries, Russia's relations with the EU: problems and prospects; Central European experience and the CIS; Index.