Download or read book State and Society in Post Socialist Economies written by J. Pickles and published by Springer. This book was released on 2008-01-17 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and Society in Post-Socialist Economies focuses on the reform economies of post-socialist Europe. It looks at how various projects of communism that emerged in have been and are still being dismantled and recomposed by alternative visions, institutions and practices of capitalist market economies and democratic polities.
Download or read book The Wealth Effect written by Jeffrey M. Chwieroth and published by Cambridge University Press. This book was released on 2019-03-21 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.
Download or read book Debt as a Control Device in Transitional Economies written by W. Cheryl Gray and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1995 The motivation for most of the reforms debated in transition economies is to impose market-based constraints on enterprise managers, whether through competition or through direct corporate governance. Baer and Gray explore debt's role as a control device in such economies, focusing on Hungary and Poland. The basic economic challenge in the transition from socialism to capitalism is creating incentive structures and institutions that promote enterprise change and restructuring. This is the motivation for most of the reforms debated during the transition--whether privatization, demonopolization, trade reform, or financial sector reform. Most research on corporate governance and privatization has focused on the role of owners--whether on the problems inherent in the separation of ownership and management (most Western literature) or on the need for true owners who represents the interests of capital (most literature on transition economies). But debt is also an important control device, as Western literature on corporate finance increasingly recognizes. Baer and Gray explore debt's role as a control device in transition economies, focusing especially on Hungary and Poland, which are relatively far along in the reform process. They ask, first, in what ways creditors exert control over firms in advanced market economies and how such control interacts with that exerted by equity holders. They then ask whether creditors in Central and Eastern European countries play similar roles and, if not, what roles they should play, and what can be done to give them the capacity and incentives to play those roles. They focus on three fundamental requirements for debt to function as a control device: information, proper incentives for creditors (including banks, suppliers, and government), and an efficient legal framework for debt collection (including collateral, workout, and bankruptcy regimes). While both countries are making progress in all three areas, there is still much to be done. Hungary and Poland illustrate only two of many approaches. Other transitional economies, such as the Czech Republic, Estonia, and Russia, are following different approaches that should be explored in future analysis. This paper--a joint product of the Finance and Private Sector Development Department and the Transition Economics Division, Policy Research Department--is part of a larger effort in the Bank to explore issues of corporate governance in transition economies.
Download or read book The Economics of Bankruptcy Reform written by Philippe Aghion and published by . This book was released on 1992 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) firm. Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority. Options are exercised once the bids are in. Finally, a shareholder vote is taken to select one of the bids. In essence, our procedure is a variant on the U.S. Chapter 7, in which non-cash bids are possible; this allows for reorganization. We believe our scheme is superior to Chapter 11 since it is simpler, quicker, market-based, avoids conflicts, and places appropriate discipline on management.
Download or read book Varieties of Capitalism in Post Communist Countries written by D. Lane and published by Springer. This book was released on 2016-01-23 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets the experiences of former communist countries as they head towards capitalism against the 'varieties of capitalism' paradigm, and provides a framework for comparing transformation processes, demonstrating how differing heritages of communist and pre-communist pasts are leading to different kinds of capitalist economies.
Download or read book Regulatory Cycles Revisiting the Political Economy of Financial Crises written by Jihad Dagher and published by International Monetary Fund. This book was released on 2018-01-15 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.
Download or read book National Production Regimes in Post socialist Countries written by Mirka C. Wilderer and published by Peter Lang Publishing. This book was released on 2002 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detailed research has been undertaken depicting the dominant models of national production regimes in the Western hemisphere. In the core of these debates on 'varieties of capitalism' the role of institutions and the path-dependent nature of socio-economic changes are discussed. Few attempts, however, have been made to classify the newly evolving market economies in Central Estern Europe, where new economic and political institutions were created after the revolutions in 1989. In this study the author takes up the challenge to answer the question what type of capitalism is evolving in the course of the transformation evolving in the course of the transformation processes in post-socialiast countries, namely the Czech Republic? Which model has influenced political choices and what is the final outcome? Contents: The Unsitutional approach towards transformation processes--The theory on national production regimes--Network theory and th econcept of embeddeeness--The Czech governmental policy in transformation--The Czech privatization and ownership resturcturing--The financial sector and corporate governance structure in the Czech Republic--Structural change and the evolving Czech national production regime.
Download or read book The Banking Panics of the Great Depression written by Elmus Wicker and published by Cambridge University Press. This book was released on 2000-12-04 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first study of five US banking panics of the Great Depression. Wicker's findings challenge many of the commonly held assumptions about the events of 1930 and 1931, and will be of use to monetary and financial historians and macroeconomists.
Download or read book Socialist Economies and the Transition to the Market written by Ian Jeffries and published by Routledge. This book was released on 1993-05-27 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
Download or read book Palgrave Dictionary of Emerging Markets and Transition Economics written by Jens Hölscher and published by Springer. This book was released on 2015-10-21 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Too Big to Fail written by Benton E. Gup and published by Bloomsbury Publishing USA. This book was released on 2003-12-30 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.
Download or read book Banking in Transition written by G. Robins and published by Springer. This book was released on 2000-02-17 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book asks whether transplanting banks can solve the problems involved in creating a well-functioning market economy from outside, looking especially at the virtually complete takeover of East German banks by their Western counterparts after unification. Drawing on a wide range of English and German sources, and fieldwork interviews across Germany, it argues that there are no quick fix solutions to transition to a market. Implications are discussed for East Germany and for other previously centrally planned economies, and the global implications of foreign ownership in banking are considered.
Download or read book Bank Soundness and Macroeconomic Policy written by Mr.Carl-Johan Lindgren and published by International Monetary Fund. This book was released on 1996-09-16 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking sector problems have plagued over 130 of the IMF's member countries since 1980. Developing and industrial market economies alike have been affected, as have all the economies in transition. This volume, by Carl-Johan Lindgren, Gillian Garcia, and Matthew I. Saal, discusses the linkages between macroeconomic policy and bank soundness. It takes a global view of the causes and consequences of banking sector problems and discussses how the banking system can be strengthened, nationally and internationally.
Download or read book Reframing Europe s Future written by Jody Jensen and published by Routledge. This book was released on 2014-09-19 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis which erupted in 2008 had an astounding yet varied impact on the European Union (EU), with some countries benefiting from the crisis while others suffered. Today many more and varied voices articulate increasing frustration, dissatisfaction, distrust and cynicism with the current state of affairs in Europe. This book addresses the challenges and failures of the European construction today from an interdisciplinary perspective. It seeks to identify the deeper, structural causes of the failure of the European project by investigating a variety of aspects, placing Europe in a historical perspective and interpreting its trajectory in a global context. In doing so it argues that the EU, the unfinished European polity, the single European market, and the set of supranational institutions, are not sustainable in their present forms. This text will be of key interest to students and practitioners of international relations, economics, European studies, democracy and contemporary European and global challenges.
Download or read book Slovenia written by Mojmir Mrak and published by World Bank Publications. This book was released on 2004-01-01 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirteen years after independence from the former Socialist Republic of Yugoslavia, Slovenia has become one of the most advanced transition economies in Central and Eastern Europe and will become a member of the EU in May 2004. This publication examines the country's recent political and socio-economic history, its transition to a market economy and the challenges that lie ahead. It includes contributions from Slovenia's president, a former vice prime minister, the current and previous ministers of finance, the minister of European Affairs, the current and former governors of the Bank of Slovenia, as well as from leading development scholars in Slovenia and abroad.
Download or read book Entrepreneurship and Post Socialist Growth written by Daniel Berkowitz and David N. DeJong and published by . This book was released on 2001 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Markets and Financial Crises written by R. Glenn Hubbard and published by University of Chicago Press. This book was released on 1991-08-13 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis—including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast—and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference.
