This book takes a macroeconomic approach to the issue of transformation from communist economies into market economies. At the centre of the analysis stands the role of the state and the definition within a dramatically changing environment. Particular emphasis is given to the emerging role of money and the financial sector.
HUBERT GABRISCH started research on economics of planning and Eastern Europe in 1979, and on the economics of systemic transition in 1989. He is author of more than 80 publications in these fields, in particular on foreign trade, stabilization policy, financial crises and EU Eastern enlargement, including many country studies. He holds a PhD from the University of Hamburg. After being Deputy Director of the Vienna Institute for Comparative Economic Studies and Head of Central and Eastern European Department of the Halle Institute for Economic Research, Germany, he is presently Head of Research