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dc.contributor.authorHartwell, Christopher A.-
dc.date.accessioned2021-05-27T09:37:05Z-
dc.date.available2021-05-27T09:37:05Z-
dc.date.issued2020-
dc.identifier.isbn9780367823054de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/22531-
dc.description.abstractPart and parcel of the transition to a capitalist, free-market economy in Central and Eastern Europe (CEE) and the former Soviet Union (FSU) was the development of independent currencies and, by extension, the monetary arrangements needed to govern these currencies. Coming off a system where money was merely a unit of accounting and inconvertible, the countries of CEE and FSU for the most part had to implement new central banks from scratch, with little historical memory on the role of such a bank. However, at the same time the monetary system was being built, the rest of the institutional system was in flux. This chapter examines the interlinkages between the creation of central banks and other economic and political institutions in transition, concluding that both central banks – modeled on the Western world – and monetary policies exerted a far stronger influence on institutional development than previously realized. In particular, the push by central banks for financialization had deleterious consequences for many transition economies and their political institutions, even as the early results of inflation abatement helped these economies to grow.de_CH
dc.language.isoende_CH
dc.publisherRoutledgede_CH
dc.relation.ispartofThe Political Economy of Central Banking in Emerging Economiesde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subject.ddc332.1: Bankende_CH
dc.titleCentral banks and institutional evolution in transitionde_CH
dc.typeBuchbeitragde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInternational Management Institute (IMI)de_CH
zhaw.publisher.placeOxonde_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawNode_CH
zhaw.pages.end55de_CH
zhaw.pages.start39de_CH
zhaw.parentwork.editorYağcı, Mustafa-
zhaw.publication.statuspublishedVersionde_CH
zhaw.publication.reviewNot specifiedde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
Appears in collections:Publikationen School of Management and Law

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Hartwell, C. A. (2020). Central banks and institutional evolution in transition. In M. Yağcı (Ed.), The Political Economy of Central Banking in Emerging Economies (pp. 39–55). Routledge.
Hartwell, C.A. (2020) ‘Central banks and institutional evolution in transition’, in M. Yağcı (ed.) The Political Economy of Central Banking in Emerging Economies. Oxon: Routledge, pp. 39–55.
C. A. Hartwell, “Central banks and institutional evolution in transition,” in The Political Economy of Central Banking in Emerging Economies, M. Yağcı, Ed. Oxon: Routledge, 2020, pp. 39–55.
HARTWELL, Christopher A., 2020. Central banks and institutional evolution in transition. In: Mustafa YAĞCI (Hrsg.), The Political Economy of Central Banking in Emerging Economies. Oxon: Routledge. S. 39–55. ISBN 9780367823054
Hartwell, Christopher A. 2020. “Central Banks and Institutional Evolution in Transition.” In The Political Economy of Central Banking in Emerging Economies, edited by Mustafa Yağcı, 39–55. Oxon: Routledge.
Hartwell, Christopher A. “Central Banks and Institutional Evolution in Transition.” The Political Economy of Central Banking in Emerging Economies, edited by Mustafa Yağcı, Routledge, 2020, pp. 39–55.


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