Diversity of capitalism in Central and Eastern Europe : dependent economies and monetary regimes

Author(s)

    • Magnin, Eric
    • Nenovsky, Nikolay

Bibliographic Information

Diversity of capitalism in Central and Eastern Europe : dependent economies and monetary regimes

Eric Magnin, Nikolay Nenovsky

(Palgrave pivot)

Palgrave Macmillan, c2022

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Includes bibliographical references and index

Description and Table of Contents

Description

This book explores the hypothesis of the emergence of a 'dependent capitalism' in Central and Eastern Europe. In a first theoretical part, this book presents the main approaches that structure the field of comparative capitalism and then examines this model shaped by the inflow of foreign capital. In an original way, it proposes to integrate the form of the monetary regime into the dependent capitalism analysis and to extend it to Balkan countries. The monetary regime is seen as complementary to the other elements of the institutional configuration of dependent capitalism. In the second part, the authors adopt a historical and empirical perspective. First, they demonstrate how dependent capitalism has emerged in Central and Eastern Europe and the Baltic States over the last 30 years as part of the process of socio-economic transformation that began in 1990. The crisis of 2008 was an indicator of this dependence on Western capital. Secondly, they extend the analysis to the Balkan countries and show that dependence is even stronger for them, particularly in the monetary area, as evidenced by the implementation of currency boards or euroization phenomena.This book is of interest to academics and students, as well as to business and economic policy makers.

Table of Contents

One: Introduction I. THEORETICAL FOUNDATIONS Two: Varieties or Diversity of Capitalism? Three: Dependent Capitalism Four: Dependent Monetary Regime II: EMPIRICAL AND HISTORICAL PERSPECTIVES Five: Dependent Capitalism in Central and Eastern Europe Six: Dependent Monetary Regimes in Post-communist Balkan periphery : Currency Boards in Bulgaria and Bosnia and Herzegovina Seven: Dependent Monetary Regimes in Post-communist Balkan periphery : Unilateral Euroization in Montenegro and Kosovo III: CONCLUSION Eight: Concluding remarks. Dependent monetary regimes during the pandemics

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