Editorial Authors: Fidrmuc, Jarko; Horváth, Roman Pages: 5-5 Issue Welfare Improving Coordination of Fiscal and Monetary Policy Authors: Hughes Hallett, Andrew; Libich, Jan; Stehlík, Petr Pages: 7-26 Issue Economic and Financial Integration of CEECs: The Impact of Financial Instability Authors: Albulescu, Claudiu T. Pages: 27-45 Issue The Outbreak of the Russian Banking Crisis Authors: Fidrmuc, Jarko; Süss, Philipp J. Pages: 46-63 Issue Foreign Bank Presence and Bank Spreads: Evidence from Turkey Authors: Yalcinkaya Koyuncu, Julide Pages: 64-75 Issue Is the Political Economy Stable or Chaotic? Authors: Schofield, Norman Pages: 76-93