Central Banking and Financialization
Central Banking and Financialization: A Romanian Account of how Eastern Europe became Subprime
In "Central Banking and Financialization," D. Gabor embarks on a meticulous exploration of the transformative shifts in Eastern Europe's economic landscape following the Soviet Union's dissolution. This incisive work delves into the heart of neoliberalism's ascendance, casting central banks in the pivotal role of architects and propagators of a new economic order. With a keen analytical eye, Gabor unravels the complex interplay between financial institutions and neoliberal policies, illuminating the mechanisms through which central banks have shaped market norms and governance structures in the post-Soviet era. Gabor's narrative is both a critical examination and a compelling account of the financialization phenomenon, offering readers a profound understanding of its origins, implications, and the central banking system's instrumental role in crafting the contemporary economic terrain. Through a rich blend of political economy analysis and empirical evidence, "Central Banking and Financialization" stands as a seminal contribution to our understanding of the global economic dynamics. It is an essential read for those seeking to grasp the undercurrents of economic policy, central banking influence, and the broader implications of financialization in the post-Cold War world.
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