Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in...

This book provides a historically and conceptually grounded analysis of the transformation of finance and business in several countries in Central Europé and the Baltic States after the collapse of the Soviet Union. The Fall of the Berlin Wall began a new, and unexpected period of European...