The Determinants of the Economic Crisis in Post-Socialist Europe

References

• Aslund , A. 2010 . The Last Shall be the First. The East European Financial Crisis 2008–10 , Washington , DC : Peterson Institute for International Economics .
   Google Scholar
• Balassa , B. 1965 . ‘Trade Liberalisation and Revealed Comparative Advantage’ . Manchester School of Economics and Social Studies , 33 ( 2 ) : 99 – 123 .
   Google Scholar
• Balazs , E. , Backe , P. and Zumer , T. 2007 . ‘Private Sector Credit in Central and Eastern Europe: New (Over)shooting Stars?’ . Comparative Economic Studies , 49 ( 2 ) : 367 – 88 .
   Google Scholar
• Becker , T. , Daianu , D. , Darvas , Z. , Gligorov , V. , Landesmann , M. , Petrovic , P. , Pisani-Ferry , J. , Rosati , D. , Sapir , A. and Di Mauro , B. 2010 . Whither Growth in Central and Eastern Europe? Policy Lessons for an Integrated Europe , Vol. XI , Brussels : Bruegel Blueprint Series .
   Google Scholar
• Berend , I. 1996 . Central and Eastern Europe 1944–1993. Detour from the Periphery to the Periphery , Cambridge : Cambridge University Press .
   Google Scholar
• Berend , I. 2010 . Europe since 1980 , Cambridge : Cambridge University Press .
   Google Scholar
• Berglof , E. , Korniyenko , Y. , Plekhanov , A. and Zettelmeyer , J. Understanding the Crisis in Emerging Europe . European Bank for Reconstruction and Development Working Paper Series No. 109 . available at: http://www.ebrd.com/downloads/research/economics/workingpapers/wp0109.pdf, accessed 11 February 2011
   Google Scholar
• Berkmen , P. , Gelos , G. , Rennhack , R. and Walsh , J. The Global Financial Crisis: Explaining Cross-Country Differences in the Output Impact . IMF Working Paper Series 09/280 . available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1531513, accessed 29 January 2011
   Google Scholar
• Cameron , D. 2007 . ‘Post-Communist Democracy: The Impact of the European Union’ . Post-Soviet Affairs , 23 ( 3 ) : 185 – 217 .
   Web of Science ®Google Scholar
• Cameron , D. 2009 . ‘Creating Market Economies after Communism: The Impact of the European Union’ . Post-Soviet Affairs , 25 ( 1 ) : 1 – 38 .
   Web of Science ®Google Scholar
• Claessens , S. , van Horen , N. , Gurcanlar , T. and Mercado , J. Sapiain . 2008 . Foreign Bank Presence in Developing Countries, 1995–2006: Data and Trends available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1107295, accessed 29 January 2011
   Google Scholar
• Connolly , R. 2009a . Financial Vulnerabilities in Emerging Europe: An Overview , Helsinki : Bank of Finland . Bank of Finland Institute for Economies in Transition (BOFIT) Online Research No. 3 available at: http://www.bof.fi, accessed 21 April 2010
   Google Scholar
• Connolly , R. 2009b . ‘Financial Vulnerabilities in Russia’ . Russian Analytical Digest , October : 72
   Google Scholar
• Dornbusch , R. Policy and Performance Links between LDC Debtors and Industrial Nations . Brookings Papers on Economic Activity 2 . pp. 303 – 56 . Washington , DC : Brookings Institute .
   Google Scholar
• Eichengreen , B. and Rose , A. 1999 . “ ‘Contagious Currency Crises: Channels of Conveyance’ ” . In Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues , Edited by: Ito , T. and Krueger , A. vol. 7 , 29 – 56 . NBER-EASE .
   Google Scholar
• European Bank for Reconstruction and Development (EBRD) . 2009 . Transition Report: Transition in Crisis? , London : EBRD .
   Google Scholar
• European Bank for Reconstruction and Development (EBRD) . 2010 . Transition Report: Recovery and Reform , London : EBRD .
   Google Scholar
• Forbes , K. and Chinn , M. 2004 . ‘A Decomposition of Global Linkages in Financial Markets Over Time’ . The Review of Economics and Statistics , 86 ( 3 ) : 705 – 22 .
   Web of Science ®Google Scholar
• Fungáčová , Z. and Solanko , L. Has Banks' Financial Intermediation Improved in Russia . Bank of Finland Institute for Economies in Transition Discussion Papers No. 8 . available at: http://www.suomenpankki.fi/en/suomen_pankki/organisaatio/asiantuntijoita/Documents/bon0809.pdf, accessed 30 July 2010
   Google Scholar
• Fungáčová , Z. and Solanko , L. 2010 . ‘The Russian Banking Industry after the 2008–2009 Financial Crisis—What Next?’ . Russian Analytical Digest , 74 Russian Financial Activities, available at: http://www.isn.ethz.ch/isn/Digital-Library/Publications/Detail/?ots591=0c54e3b3-1e9c-be1e-2c24-a6a8c7060233&lng=en&id=113394, accessed 30 July 2010
   Google Scholar
• Glick , R. and Rose , A. 1999 . ‘Contagion and Trade: Why are Currency Crises Regional?’ . Journal of International Money and Finance , 18 ( 4 ) : 603 – 17 .
   Web of Science ®Google Scholar
• Goldstein , M. and Xie , D. The Impact of the Financial Crisis on Emerging Asia . Peterson Institute for International Economics Working Paper Series No. 09-11 . available at: http://www.iie.com/publications/wp/wp09-11.pdf, accessed 28 January 2010
   Google Scholar
• Hausmann , R. , Hwang , J. and Rodrik , D. What You Export Matters . Harvard University Working Paper Series . April . available at: http://ksghome.harvard.edu/∼drodrik/hhr.pdf, accessed 13 May 2008
   Google Scholar
• International Monetary Fund (IMF) . 2009 . World Economic Outlook , Washington , DC : IMF .
   Google Scholar
• International Monetary Fund (IMF) . 2010a . World Economic Outlook , Washington , DC : IMF .
   Google Scholar
• International Monetary Fund (IMF) . 2010b . World Economic Outlook Database , Washington , DC : IMF . available at: http://www.imf.org/external/pubs/ft/weo/2010/02/weodata/index.aspx, accessed 21 January 2011
   Google Scholar
• Jacoby , W. 2004 . The Enlargement of the EU and NATO: Ordering from the Menu in Central Europe , New York : Cambridge University Press .
   Google Scholar
• Johnson , S. , Boone , P. , Breach , A. and Friedman , E. 2000 . ‘Corporate Governance in the Asian Financial Crisis’ . Journal of Financial Economics , 58 ( 1–2 ) : 141 – 86 .
   Web of Science ®Google Scholar
• Lall , S. The Technological Structure and Performance of Developing Country Manufactured Exports, 1985–1998 . QEH Working Paper Series No. 44 .
   Google Scholar
• March , J. and Olsen , J. 1989 . Rediscovering Institutions: The Organizational Basis of Politics , New York : Free Press .
   Google Scholar
• Myant , M. and Drahokoupil , J. 2010 . Transition Economies. Political Economy in Russia, Eastern Europe, and Central Asia , Hoboken , NJ : Wiley-Blackwell .
   Google Scholar
• North , D. 1990 . Institutions, Institutional Change and Economic Performance , Cambridge : Cambridge University Press .
   Google Scholar
• O'Hara , S. , Ivelvs , A. and Gentile , M. 2009 . ‘The Impact of Global Economic Crisis on Remittances in the Commonwealth of Independent States’ . Eurasian Geography and Economics , 50 ( 4 ) : 463 – 79 .
   Web of Science ®Google Scholar
• Organisation for Economic Co-operation and Development (OECD) . 2009 . Economic Survey of Russia , Paris : OECD .
   Google Scholar
• Reinhart , C. and Reinhart , V. What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility? . National Bureau of Economic Research Working Paper 8535 . Cambridge , MA : National Bureau of Economic Research .
   Google Scholar
• Roubini , N. and Setser , B. 2004 . Bail-outs or Bail-ins? Responding to Financial Crises in Emerging Economies , Washington , DC : Institute for International Economics .
   Google Scholar
• Smith , A. and Swain , A. 2010 . ‘The Global Economic Crisis, Eastern Europe, and the Former Soviet Union: Models of Development and the Contradictions of Internationalization’ . Eurasian Geography and Economics , 51 ( 1 ) : 1 – 34 .
   Web of Science ®Google Scholar
• United Nations Commission for Trade and Development (UNCTD) . 2010 . Statistics on Foreign Direct Investment available at: http://stats.unctad.org/fdi/ReportFolders/ReportFolders.aspx, accessed 12 November 2010
   Google Scholar
• United Nations Comtrade . 2010 . United Nations Statistics Division, Commodity Trade Statistics Database available at: http://unstats.un.org/unsd/comtrade, accessed 12 November 2010
   Google Scholar
• Vachudova , M. 2005 . Europe Undivided: Democracy, Leverage and Integration After Communism , Oxford : Oxford University Press .
   Google Scholar
• Vernikov , A. Russian Banking: The State Makes a Comeback? . Bank of Finland Institute for Economies in Transition Discussion Papers No. 24 . available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1539988, accessed 23 July 2010
   Google Scholar
• Vernikov , A. Rinochnaya Dol'ya Bankov c Gosudarstvyennim’ Uchastiyem b Rossii . MPRA Paper 17897 . available at: http://mpra.ub.uni-muenchen.de/17897/, accessed 23 July 2010
   Google Scholar
• Wolf , M. 2008 . Fixing Global Finance. How to Curb Financial Crises in the 21st Century , New Haven , CT : Yale University Press .
   Google Scholar
• World Bank . 2010a . World Development Indicators Database available at: http://data.worldbank.org/, accessed 22 December 2010
   Google Scholar
• World Bank . 2010b . World Bank Governance Indicators available at: http://info.worldbank.org/governance/wgi/sc_country.asp, accessed 22 December 2010
   Google Scholar
• World Economic Forum . 2008 . Global Competitiveness Report 2007–2008 , Geneva : World Economic Forum .
   Google Scholar