Financialisation and Financial Crisis in South-Eastern European Countries

The book discusses various cases of financialisation and financial crisis in South-Eastern Europe. It represents not only the ex post analysis of how financial instability was created in a period of economic growth and how it could have been prevented, but also provides insights for policy-makers today.

Autorentext

Dubravko RadoSevic is Senior Research Associate at the Institute of Economics in Zagreb. He served as a central bank official and economic adviser to the President of the Republic of Croatia. Vladimir Cvijanovic is an independent researcher and consultant. He holds a doctorate from Goethe University Frankfurt.

Inhalt
Contents: Malcolm Sawyer: Foreword Dubravko Radoevi/Vladimir Cvijanovi: Introduction Eckhard Hein: Finance-Dominated Capitalism: Potentials for Systemic Instabilities and Crises Petra Rodik/Mislav itko: Financialization, Household Debt and New Vulnerabilities in Post-Socialist Societies Joachim Becker/Predrag etkovi: Patterns of Financialisation in Southeast European and Visegrád Countries Gordana Kordi: Euro zone Debt Crisis, Exchange Rate Policies and Accession to the European Monetary Union Ognjen Radonji/Srdjan Kokotovi: Minskyan Liquidity Model Explanation of Financial Crisis in Emerging Europe Dubravko Radoevi: Capital Account Mismanagement, Deleveraging and Unstable Economy in the European Union Periphery Countries: The Case of Croatia and Slovenia Vladimir Cvijanovi/Aleksandar Keeljevi: Financialisation in Croatia and Slovenia Franjo tiblar: 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 Vidakovi/Duan Zbanik: Capital Flows, Credit Crunch and Deleveraging Dynamics: The Case of Slovenia, Croatia and Hungary in Comparison.