The Emergence and Evolution of Markets
Horst Dieter Brezinski, Michael Fritsch
Edward Elgar, Jan 1, 1997 - Business & Economics - 226 pages
'This book could profitably be read by more than economists or specialists on Hungary. It does not require a sophisticated technical knowledge, and it goes well beyond a country study. What Kornai makes clear is that post communist transition is a process of worldwide significance to be explored with the whole array of tools provided by the social sciences.' - Marie Lavigne, Slavic Review '. . . the book can be recommended as a valuable attempt at rethinking transition economics. One may hope that further attempts in this direction will contribute to enriching economics itself.' - Philippe Fontaine, the Economic Journal the Emergence and Evolution of Markets examines the development of markets based on empirical examples from Western economies and from the post-socialist economies of Eastern Europe. It provides an historical dimension to the present problems of transition.
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Spotmarkets hierarchies networks and the problem of economic transition
List of figures
The concept of market from a historical point of view
10 other sections not shown
adjustments agents agricultural allocation Amsterdam assets behavior Brabant Bulgaria capital market centrally planned CFCs commercial banks companies competition consumers contracts countries currency-based derivatives debt demand DM per USD domestic Eastern Europe economic effective efficient emergence enterprises established European existing expected export factors firms foreign currency forward contracts forward rates function future German important increased industry inflation institutions interest rate intermediation investment investors Kyrgyzstan labor London London Stock Exchange macroeconomic market economy mobile monetary monitored monopoly Montreal Protocol operators organization organizational output percent PET's Poland political post-socialist post-socialist economies principal-agent problems problem production profit projected price system property rights put options refrigeration regulation restructuring retailer risk role sector social SOE's speculators spot exchange rates spot rate stabilization Stock Exchange stock market strike prices structure supply telecommunications trade transaction costs transfer transformation transition economies