Successes and Failures of Economic Transition

This book takes a macroeconomic approach to the issue of transformation from communist economies into market economies. At the centre of the analysis stands the role of the state and the definition within a dramatically changing environment. Particular emphasis is given to the emerging role of money and the financial sector.

HUBERT GABRISCH started research on economics of planning and Eastern Europe in 1979, and on the economics of systemic transition in 1989. He is author of more than 80 publications in these fields, in particular on foreign trade, stabilization policy, financial crises and EU Eastern enlargement, including many country studies. He holds a PhD from the University of Hamburg. After being Deputy Director of the Vienna Institute for Comparative Economic Studies and Head of Central and Eastern European Department of the Halle Institute for Economic Research, Germany, he is presently Head of Research Affairs of the latter institute. He is interested in real economy issues, recently in patterns of international trade and labour market issues, all related to economies in transition.

JENS HÖLSCHER is Reader in Economics at the University of Brighton, UK, where he is also Course Leader of the BA (Hons) International Finance and Capital Markets Studies and Head of the Research Group Economic and Social Transition. Previously he taught at the Universities of Berlin, Swansea, Birmingham and Chemnitz. He held Visiting Professorships at the Universities of Halle, Bonn, Bozen, New Brunswick in Cairo, Almaty and the Centre of Economic Research at the Deutsche Bundesbank. He is interested in monetary and transition economics, both areas in which he has published widely. He is the co-editor of Palgrave's Macmillan's book series Studies in Economic Transition.