The Last Shall be First - East European Financial Crisis

Many argue that Europe has performed anemically as it struggles to recover from the global crisis. But, Aslund argues that the East European countries have masterfully handled the crisis. This book isolates the causes of the crisis in Eastern Europe, charts the crisis resolution actions of major international institutions, and advances solutions for the region's recovery phase. Specifically, Aslund examines the eruption and resolution of the crisis in the Baltics, Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Romania and Bulgaria. He also considers the broader implications of the European crisis, and asks why the social and regulatory environment of central Europe enabled it to recover more easily. This significant analysis concludes that these countries have been fiscally responsible, but must implement reforms including changes in the exchange rate policy, a return to European economic convergence, and an expansion of the Eurozone.

Product details

• Authors: Anders Aslund, Anders Åslund, Anders Slund
• Publisher: Columbia University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 01.10.2010
• EAN: 9780881325218
• ISBN: 978-0-88132-521-8
• Dimensions: 155 mm x 230 mm x 10 mm
• Subject: Social sciences, law, business > Business