By Jens Hölscher, Horst Tomann

The interval of transition from socialism to capitalism in elements of Europe and Asia over the last 25 years has attracted substantial curiosity in academia and past. From the Editors of Palgrave's iconic sequence 'Studies in financial Transition' comes the Palgrave Dictionary of rising Markets and Transition Economics. This dictionary addresses the desires of scholars, teachers and the basic public to quick locate definitions and factors of issues, associations, personalities and approaches during this old section of adjusting societies, which as such isn't concluded. this day newly rising marketplace economies attempt to study from the reports of transition economies. those that love the hot Palgrave Dictionary of Economics will benefit from the structure of this Dictionary, which makes use of an encyclopaedia-based procedure, the place articles not just outline the phrases yet supply an outline of the evolution of the time period or thought and likewise contact at the present debates.

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Healey (2001). ‘Measures and Patterns of Central Bank Independence in Transition Economies’. Statistics in transition, 5(1), 151–166. Issing, O. (2006). ‘Central Bank Independence: Economic and Political Dimensions’. National Institute Economic Review, 196, 66–76. 26 Jane Bogoev and Goran Petrevski Jacome, L. and F. Vazquez (2005). ‘Any Link between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean’. : International Monetary Fund). Klomp, J. and J. de Haan (2010).

Bank of England Working Papers, 41. W. and E. Schaling (1993). ‘Central Bank Independence in Twelve Industrial Countries’. Banca Nationale del Lavoro Quarterly Review, 184, 1–41. W. and P. Stadhouders (2003). ‘Monetary Policy and the Rule of Law’. CEPR Discussion Papers, 3698. W. and M. van Keulen (1995). ‘Central Bank Independence in Another Eleven Countries’. Banca Nazionale del Lavoro Quarterly Review, 192, 39–83. Forder, J. (1999). ‘Central Bank Independence: Reassessing the Measures’. Journal of Economic Issues, 33(1), 23–40.

2012a) and Petrevski et al. (2012). The major finding of these studies is that the association between CBI and inflation becomes significant only after some threshold level of overall liberalization of the economy. This may imply that CBI might have been an ingredient in the overall transformation process but not a sufficient condition for lowering inflation, at least in the initial period of the transition process. The usual explanation for this phenomenon is related to the processes of market liberalization and abolishing price controls.

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