Economics of European Crises and Emerging Markets
The recent financial and political crises in the world sent severe shocks through emerging economies in Central and Eastern Europe (CEE) and the former Soviet Union (FSU). Although these crises are regrettable events that caused so much suffering to so ma
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Economics of European Crises and Emerging Markets
Peter Havlik • Ichiro Iwasaki Editors
Economics of European Crises and Emerging Markets
Editors Peter Havlik Vienna Institute for International Economic Studies Vienna, Austria
Ichiro Iwasaki Institute of Economic Research Hitotsubashi University Tokyo, Japan
ISBN 978-981-10-5232-3 ISBN 978-981-10-5233-0 (eBook) DOI 10.1007/978-981-10-5233-0 Library of Congress Control Number: 2017945347 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: © Per Bengston / Alamy Stock Photo Printed on acid-free paper This Palgrave imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
The project underlying this book is hosted by the Institute of Economic Research, Hitotsubashi University, Tokyo, Japan, and the Vienna Institute for International Economic Studies (wiiw), Vienna, Austria, with principal sponsorship by the Suntory Foundation, Osaka, Japan.
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Acknowledgments
This volume contains the main research outcomes from the international project entitled “Economics of European Crises and Emerging Markets” launched in autumn 2014. The authors are grateful to the Institute of Economic Research of Hitotsubashi University and the Vienna Institute for International Economic Studies (wiiw)—the project’s host organizations— for their considerable support. The authors also appreciate the Suntory Foundation’s principal sponsorship, which provided financing for workshops and conference presentations conducted within the project’s framework. Additional financial support from the director of the Institute of Economic Research of Hitotsubashi University was useful for carrying out
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