Record Type: |
Electronic resources
: monographic
|
Title Information: |
a Romanian account of how Eastern Europe beclme subprime |
Author: |
GaborDaniela., |
Secondary Intellectual Responsibility: |
Palgrave Connect (Online service) |
Place of Publication: |
Basingstoke |
Published: |
Palgrave Macmillan; |
Year of Publication: |
2011 |
Description: |
1 online resource (1 v.)ill. : |
Series: |
Studies in economic transition |
Subject: |
Banks and banking, Central - Europe, Eastern. - |
Subject: |
Neoliberalism - Europe, Eastern. - |
Subject: |
Subprime mortgage loans - Europe, Eastern. - |
Subject: |
Decommunization - Economic aspects - Europe, Eastern. - |
Online resource: |
http://www.palgraveconnect.com/doifinder/10.1057/9780230295049An electronic book accessible through the World Wide Web; click for information |
Notes: |
Description based on print version record. |
Summary: |
At the beginning of 2009, Eastern Europe beclme the source of increasing concerns, as it was feared that the large foreign borrowing of its banking system could trigger an economic cataclysm. This book explores how and why Eastern Europe beclme subprime, taking Romania as a paradigmatic case study. It explains the region's vulnerability through the hegemony of neoliberal discourses and growing pressures of financialization in money and currency markets. The volume identifies central banks as key institutions in the reconstitution of formerly planned economies. It advances a conceptual approach to the political economy of central banking that distinguishes between monetary theory, policy discourse and practices of monetary management. This re-politicization is fundamental for understanding how central banks are produced through, and operate within, processes of neoliberal financialization. This book is indispensable reading for all interested in banking, monetary economics, political economy and development economics. |
ISBN: |
9780230295049electronic bk. |
ISBN: |
0230295045electronic bk. |
ISBN: |
9780230276154hbk. |
ISBN: |
0230276156hbk. |
Content Note: |
Introduction The Political Economy of Central Banking: from Keynesianism to inflation targeting The 'Gradualist' Years: 1990-1996 The Dawn of a New Era: 1997-2005 Inflation Targeting in the Run-up to the Crisis Coping in the Subprime Region Conclusion and Implications. |