Full Description
The book discusses various cases of financialisation and financial crisis in South-Eastern Europe. While these can be directly traced to the region's reliance upon the global financial regime, the interplay of international financial institutions, the eurozone's rigidity and domestic policies have produced various outcomes in the countries of the region. The study presents quantitative and qualitative research and offers new insights into the processes that shape the financial and monetary systems. The ex post analysis of how financial instability was created and how it could have been prevented, hopes to provide insights for policy-makers today.
Contents
Contents: Malcolm Sawyer: Foreword - Dubravko Radošević/Vladimir Cvijanović: Introduction - Eckhard Hein: Finance-Dominated Capitalism: Potentials for Systemic Instabilities and Crises - Petra Rodik/Mislav Žitko: Financialization, Household Debt and New Vulnerabilities in Post-Socialist Societies - Joachim Becker/Predrag Ćetković: Patterns of Financialisation in Southeast European and Visegrád Countries - Gordana Kordić: Euro zone Debt Crisis, Exchange Rate Policies and Accession to the European Monetary Union - Ognjen Radonjić/Srdjan Kokotović: Minskyan Liquidity Model Explanation of Financial Crisis in Emerging Europe - Dubravko Radošević: Capital Account Mismanagement, Deleveraging and Unstable Economy in the European Union Periphery Countries: The Case of Croatia and Slovenia - Vladimir Cvijanović/Aleksandar Kešeljević: Financialisation in Croatia and Slovenia - Franjo Štiblar: The Introduction of the Euro and the Financial Instability in Slovenia: Lessons and Policy Recommendations - Kosmas Manoudakis: Regarding an «Innocent» Mistake of the IMF: The Greek Case: an Input Output Approach - Tomislav Globan: Financialization in CESEE Countries - The Story of Debt vs. Equity - Aleksandar Stojkov/Thierry Warin: Determinants of External Current Accounts in South Eastern Europe - Neven Vidaković/Dušan Zbašnik: Capital Flows, Credit Crunch and Deleveraging Dynamics: The Case of Slovenia, Croatia and Hungary in Comparison.
