Financial Fragility in the Transition to Market Economies

Laurence Harris

Chapter 7 in The Transformation of the Communist Economies, 1995, pp 177-202 from Palgrave Macmillan

Abstract: Abstract The end of the Cold War is defined by the remarkable events of 1989, but in the economic sphere the confrontation between ‘socialism’ and ‘capitalism’ had crumbled more gradually over the previous decade.’ By the start of this decade, the leaders of almost every country whose development was built on central planning had set a radically new course, to be built on capitalist principles, and several had already gone a long way down that path over the previous years.

Keywords: Monetary Policy; Financial System; Banking System; Central Planning; Trade Credit (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23916-0_7

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DOI: 10.1007/978-1-349-23916-0_7

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