Financial Turbulence and Capital Markets in Transition Countries [Hardcover]

Global financial turbulence severely affected countries in transition from planned towards market economies. Policy responses of Russia, Poland, the Czech Republic and Hungary are reviewed and compared in this book. Each country analysis is critically discussed. Contributors to this volume include Claudia Buch, Stephen F, Frowen, Jens H?lscher, Alexander Karmann, Jens Linne, Roman Matousek, Zbigniew Polanski, Bruno Sch?nfelder, Vladislav Semenkov, Johannes Stephan, Adam T?r?k, Horst Tomann, Trantisek Turnovec and Uwe Vollmer.List of Tables List of Figures Acknowledgements Notes on the Contributors Introduction PART I: KEYNOTE ADDRESS The Return of the Habsburgs - Reflections on the Role of Institutions in Transition Economies; H.Tomann 'Anglo-Saxon' or 'Rhenish' Financial Markets for Central-East Europe?; S.Herten & J.H?lscher PART II: RUSSIA August-98 as a Turning Point of Russian Reforms; V.Semenkov What Happened to Russia?; Comment on V.Semenkov; T.Linne Comment of V.Semenkov; A.Winkler PART III: POLAND Poland and International Financial Turbulences of the Second Half of the 1990s; Z.Pola?ski Immune to Contagion or Favourable Events?; Comment on Z.Pola?ski; A.Karmann PART IV: CZECH REPUBLIC Privatization and Transparency: Evidence from the Czech Republic; F.Turnovec Privatization, Ownership Structure and Transparency; Comment on F.Turnovec; C.Buch Comment on F.Turnovec; B.Sch?nfelder The Assessment of the Cost and Benefits of the Small and Medium Commercial Banks within the Czech Banking Sector; R.Matousek & A.Taci PART V: HUNGARY Turbulences and Emergency Landings on Leased Planes (Macroeconomics Stabilization and Financial Sector Reform in Hungary in the 1990s); A.T?r?k Comment on T?r?k; J.Stephan Comment on T?r?k; U.Vollmer PART VI: RESUMEE Financial Markets in Transition Countries: Problems and Aspirations; S.F.Frowen Real Income Risk and Hedging in Transition Economies: A Note on Stephen F. Frowen; H.L.Battermann & U.BrollJENS H?LSCHER is Senior l“'