The global economic crisis of 2008/2009 has had a broad impact
far beyond economic concerns. Most importantly, it has been seen as
a crisis of governance and debates have not just questioned
specific regulations, e.g. of global financial markets, but have
additionally challenged the appropriateness of underlying
governance concepts not only in global markets, but also at the
national level.
For the post-socialist countries, which adopted market-oriented
governance mechanisms less than two decades ago, the global crisis
was the first stress test after the post-socialist recovery. The
contributions in this book focus on the impact of the crisis and
related reform attempts in two important areas. The first area is
financial and monetary policy, which is at the core of the global
crisis of 2008/2009. The second area is relations between business
and state actors, where corruption and weak institutional
frameworks can both seriously hamper reform attempts.
The volume comprises essential contributions on how the
post-socialist countries have tried to cope with the first global
economical crisis they saw themselves confronted with.
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