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Books > Business & Economics > Economics > Microeconomics
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Money and Finance in the Transition to a Market Economy (Hardcover, illustrated edition)
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Money and Finance in the Transition to a Market Economy (Hardcover, illustrated edition)
Expected to ship within 12 - 17 working days
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The process of transition from a centrally planned economy to one
driven primarily by market forces has been a source of controversy
and debate. Although the pace and approach has varied we are now
beginning to understand some of the essential ingredients necessary
for a successful transition.These changes have produced a
tremendous quantity of literature which can make it difficult to
grasp the most important issues. This book focuses on the key
questions and problems facing the monetary and financial sectors of
transitional economies, specifically in Hungary, Poland and the
Czech Republic. It examines many of the reforms, why these proved
necessary, and their impact in the early stages of transition. The
authors focus on four main themes: the removal of state
intervention and its effect on liquidity and the availability of
credit the failure of credit markets and the implications for
corporate finance<
the role of property rights and the importance of bankruptcy in a
well-functioning market economy effects of the separation of the
central bank from commercial lending functions, and its
consequences for the overall operation of monetary policy in a
transitional economy. Money and Finance in the Transition to a
Market Economy will be essential reading for those wishing to learn
more about the financial and monetary implications of the
transition to a market economy in the Central and Eastern European
countries. It will be welcomed by graduates, academics, researchers
and policymakers alike.
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