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Dependent Capitalism and Monetary Regimes: The Case of the Balkan Countries

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Global Encyclopedia of Public Administration, Public Policy, and Governance

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Comparative analysis of capitalism; Monetary policy; Monetary sovereignty; Varieties of capitalism

Introduction

Central and Eastern European (CEE) countries experienced two successive waves of systemic institutional changes during the 1990s and 2000s, first the post-socialist transformation and then the integration process into the European Union (EU). These systemic changes have led social science researchers to raise questions about economic models emerging as an outcome of these processes (Chavance and Magnin 2002). Within the theoretical framework of the “varieties of capitalism” (VoC) proposed by Hall and Soskice (2001), Nölke and Vliegenthart (2009) consider that a form of “dependent” capitalism has been developing in East Central Europe (the Czech Republic, Hungary, Poland, Slovakia) since the 2000s, as a result of these transformations, marked by the role of foreign capital in economic dynamics. This hypothesis has met growing interest and relevance in the context of...

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Correspondence to Eric Magnin .

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Magnin, E., Nenovsky, N. (2020). Dependent Capitalism and Monetary Regimes: The Case of the Balkan Countries. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_4048-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_4048-1

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  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

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