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Introduction

In: Diversity of Capitalism in Central and Eastern Europe

Author

Listed:
  • Eric Magnin

    (University Paris Cité)

  • Nikolay Nenovsky

    (University of Picardie Jules Verne
    State University HSE and Department of Political Economy, RUDN)

Abstract

Since the beginning of the 1990s, the literature devoted to the diversity of capitalism models around the world has considerably expanded. The systemic transformation in Central and Eastern Europe, following the fall of the Berlin Wall, has contributed to this development. The 2008 financial crisis revealed the fragilities of CEE countries and led some authors to propose the concept of “dependent capitalism” to refer to these economies. The aim of this book is to question the relevance of this assumption and to specify, within an institutionalist theoretical framework, the characteristics of this emergent economic model, its strengths and weaknesses, its genesis and its capacity to endure crises and persist through time. The dependent monetary regime appears to be a key institution of this type of capitalism, consistent with the other institutional forms that define this configuration.

Suggested Citation

  • Eric Magnin & Nikolay Nenovsky, 2022. "Introduction," Springer Books, in: Diversity of Capitalism in Central and Eastern Europe, chapter 0, pages 1-8, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-04950-7_1
    DOI: 10.1007/978-3-031-04950-7_1
    as

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