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The first book in the Studies in Economic Transition series applies
the theory of economic development to the economy of East Germany.
Eight years after the unification of Germany, the book provides a
comprehensive and much needed assessment of the transition process
in the East, its impact on the German economy as a whole and the
important broader lessons for European integration and enlargement.
The unique economic experiment of the unification of the German
economies provided an excellent opportunity for different schools
of economic theory to be tested and examined. The contributors to
this book take full advantage of this challenge.
The book assesses the most exciting experiment in modern economic
history - the German currency union of 1990 - on three levels.
Firstly the international consequences are analysed utilising
different paradigms of monetary theory. These controversial results
lead to a closer look at the relationship between monetary policy
and production in Germany, and thirdly, the book concludes with a
reconsideration of the old economic question, whether money
matters, applied to the German case.
Globalization of capital markets has received new momentum and it
will continue to be of major importance for the years to come.
Partly, the increasing integration of financial markets and the
rise of foreign direct investment is a consequence of world trade
expansion. But in addition to this underlying trend, the worldwide
collapse of socialist systems and the opening up of big economies
like India and China have fuelled the development of globalized
capital markets. This book takes stock of recent developments with
emphasis on emerging capital markets.
Global financial turbulence severely affected countries in
transition from planned towards market economies. Policy responses
of Russia, Poland, the Czech Republic and Hungary are reviewed and
compared in this book. Each country analysis is critically
discussed. Contributors to this volume include Claudia Buch,
Stephen F, Frowen, Jens Hoelscher, Alexander Karmann, Jens Linne,
Roman Matousek, Zbigniew Polanski, Bruno Schoenfelder, Vladislav
Semenkov, Johannes Stephan, Adam Toeroek, Horst Tomann, Trantisek
Turnovec and Uwe Vollmer.
Published just months after the Versailles treaty was signed, 'The
Economic Consequences of the Peace' is a devastating critique of
allied leaders and the reparations imposed on Germany and Austria
in the aftermath of WWI. These essays assess the importance of
Keynes's book, both historically and in its relevance for the
challenges we face today.
The period of transition from socialism to capitalism in parts of
Europe and Asia over the past 25 years has attracted considerable
interest in academia and beyond. From the Editors of Palgrave's
iconic series 'Studies in Economic Transition' comes the Palgrave
Dictionary of Emerging Markets and Transition Economics. This
dictionary addresses the needs of students, lecturers and the
interested general public to quickly find definitions and
explanations of topics, institutions, personalities and processes
in this historical phase of changing societies, which as such is
not concluded. Today newly emerging market economies try to learn
from the experiences of transition economies. Those who love The
New Palgrave Dictionary of Economics will enjoy the format of this
Dictionary, which uses an encyclopaedia-based approach, where
articles not only define the terms but provide an overview of the
evolution of the term or theory and also touch on the current
debates.
The first book in the Studies in Economic Transition series applies
the theory of economic development to the economy of East Germany.
Eight years after the unification of Germany, the book provides a
comprehensive and much needed assessment of the transition process
in the East, its impact on the German economy as a whole and the
important broader lessons for European integration and enlargement.
The unique economic experiment of the unification of the German
economies provided an excellent opportunity for different schools
of economic theory to be tested and examined. The contributors to
this book take full advantage of this challenge.
The book assesses the most exciting experiment in modern economic
history - the German currency union of 1990 - on three levels.
Firstly the international consequences are analysed utilising
different paradigms of monetary theory. These controversial results
lead to a closer look at the relationship between monetary policy
and production in Germany, and thirdly, the book concludes with a
reconsideration of the old economic question, whether money
matters, applied to the German case.
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