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Covers the different ways in which financial systems have changed and been developed in Central and Eastern Europe during the recent upheavals and collapse of communism. Banking is examined in the protomarket period; for independence in the transitional economies; and in liberalization.

The economic transformation of Hungary has reached a critical stage. This book presents some of the local arguments and perceptions informing the current debate, and critical examination of these ideas by an international panel of scholars. Chapters address the privatization program; reform of financial, tax and legal systems; integration into the international financial and monetary systems; labor markets, unemployment and the social safety net; and the political economy of the current economic transformation.

The economic transformation of Hungary has reached a critical stage. This book presents some of the local arguments and perceptions informing the current debate, and critical examination of these ideas by an international panel of scholars. Chapters address the privatization program; reform of financial, tax and legal systems; integration into the international financial and monetary systems; labor markets, unemployment and the social safety net; and the political economy of the current economic transformation.