Financial Crisis in Central and Eastern Europe
Ekaterina Sprenger and
No 48, Memoranda - Policy Papers from Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies)
Central and Eastern European Countries have been severely affected by the 2008 financial crisis. Several ways of contagion of the financial turmoil worked at different strengths in the different coun-tries. Although the disparities of the effects of the financial crisis are rather large, there are a number of common explanatory features. Mechanisms of transmission of the global financial crisis to the CEECs and its effects on these countries are discussed in this paper.
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