© 2017

Economics of European Crises and Emerging Markets

  • Peter Havlik
  • Ichiro Iwasaki
  • 1, Offers a comparative snapshot of post-socialist economies in Eastern Europe

  • 2, Assesses the economic impact of the recent global crises on European emerging markets

  • 3, Explores how Russia was affected by economic sanctions imposed by the EU and US


Table of contents

  1. Front Matter
    Pages i-xxiv
  2. Peter Havlik, Ichiro Iwasaki
    Pages 1-17
  3. International Comparison

  4. The Czech Republic

    1. Front Matter
      Pages 93-93
    2. Jan Hanousek, Evžen Kočenda
      Pages 121-145
  5. Hungary

  6. Poland

  7. The Russian Federation

    1. Front Matter
      Pages 237-237
    2. Natalia Akindinova, Andrey Chernyavskiy, Nikolay Kondrashov, Andrei Yakovlev
      Pages 239-262
  8. Back Matter
    Pages 301-308

About this book


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 many people, we must embrace the opportunity to scrutinize this defining moment in the history of the world economy to learn from it and discover many valuable facts that are of great significance to contemporary economics and the international community. This volume, which explores the economic impact of the crises on emerging markets in the CEE and FSU regions, provides valuable findings that are unique in that they shed new light upon many of the aspects that previous studies have failed to adequately address. The present compendium of papers distinguishes itself from the previous literature in that it also explores how the Russian economy was affected by economic sanctions imposed by the European Union and other nations after the Russian annexation of Crimea in 2014.


Crisis economies Rise of China European economic futures Macroeconomics Emerging markets

Editors and affiliations

  • Peter Havlik
    • 1
  • Ichiro Iwasaki
    • 2
  1. 1.Vienna Institute for International Economic StudiesViennaAustria
  2. 2.Institute of Economic ResearchHitotsubashi UniversityTokyoJapan

About the editors

Peter Havlik is Senior Economist and former Deputy Director at the Vienna Institute for International Economic Studies (wiiw) and guest research scholar at the International Institute for Applied Systems Analysis (IIASA).


Ichiro Iwasaki, formerly a diplomat at Japan's embassy in the Soviet Union during the time it transitioned to the Russian federation, researches post-socialist transition economies at Hitotsubashi University's Research Division of Comparative and World Economics, and has published in Japanese, Russian, and English in a wide range of academic journals. 

Bibliographic information

Industry Sectors
Finance, Business & Banking