Financialisation and Financial Crisis in South-Eastern European Countries

Dubravko Radošević is Senior Research Associate at the Institute of Economics in Zagreb. He served as a central bank official and economic adviser to the President of the Republic of Croatia.Vladimir Cvijanović is an independent researcher and consultant. He holds a doctorate from Goethe University Frankfurt.

• Contents: Malcolm Sawyer: Foreword – Dubravko Radošević/Vladimir Cvijanović: Introduction – Eckhard Hein: Finance-Dominated Capitalism: Potentials for Systemic Instabilities and Crises – Petra Rodik/Mislav Žitko: Financialization, Household Debt and New Vulnerabilities in Post-Socialist Societies – Joachim Becker/Predrag Ćetković: Patterns of Financialisation in Southeast European and Visegrád Countries – Gordana Kordić: Euro zone Debt Crisis, Exchange Rate Policies and Accession to the European Monetary Union – Ognjen Radonjić/Srdjan Kokotović: Minskyan Liquidity Model Explanation of Financial Crisis in Emerging Europe – Dubravko Radošević: Capital Account Mismanagement, Deleveraging and Unstable Economy in the European Union Periphery Countries: The Case of Croatia and Slovenia – Vladimir Cvijanović/Aleksandar Kešeljević: Financialisation in Croatia and Slovenia – Franjo Štiblar: The Introduction of the Euro and the Financial Instability in Slovenia: Lessons and Policy Recommendations – Kosmas Manoudakis: Regarding an «Innocent» Mistake of the IMF: The Greek Case: an Input Output Approach – Tomislav Globan: Financialization in CESEE Countries - The Story of Debt vs. Equity – Aleksandar Stojkov/Thierry Warin: Determinants of External Current Accounts in South Eastern Europe – Neven Vidaković/Dušan Zbašnik: Capital Flows, Credit Crunch and Deleveraging Dynamics: The Case of Slovenia, Croatia and Hungary in Comparison.