TY  - BOOK
AU  - Gabor,Daniela
TI  - Central banking and financialization: a Romanian account of how eastern europe became subprime 
SN  - 9780230276154
U1  - 332.11094709049 
PY  - 2011///
CY  - New York
PB  - Palgrave Macmillan
KW  - Banks and banking, Central
KW  - Europe, Eastern
KW  - Decommunization
KW  - Economic aspects
KW  - Economic policy
KW  - 1989
KW  - Neoliberalism
KW  - Subprime mortgage loans
N1  - 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
ER  -