engleski

Financialisation and Financial Crisis in South - Eastern European Countries

The SEE economies are very divergent group of economies and they are at the various stages of economic development. Four of these SEE economies are already in the EU (Croatia, Greece, Hungary and Slovenia), but other countries are on the path to EU membership in the next 10 years, if real and nominal convergence criteria will be met. Two EU economies (Greece and Slovenia) are also full members of the European monetary union, while Croatia will enter into the EMU after achieving successful convergence. This implies that such a divergent group of national economies, that are “small open economies” in transition, may have different experiences with financialization process ; they already showed important similarities in financialization process across the region. As we could understand, primary intention of the research presented in this book on financialization in SEE – was to analyze what was common in financialization process in this group of European economies, but also is still what specific in each these countries.

financialisation ; financial crisis ; development models ; EU periphery ; economic cycles

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