Central banking and financialization : a Romanian account of how eastern europe became subprime / Daniela Gabor
Material type:
TextPublication details: New York : Palgrave Macmillan, 2011Description: xi, 254 p. 22 cmISBN: - 9780230276154
- 332.11094709049 GAB
| Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
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Book
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Calcutta | 332.11094709049 GAB (Browse shelf(Opens below)) | Available | IIMC-131645 |
At the beginning of 2009, Eastern Europe became 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 became 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.
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