Taking a macroeconomic approach to the transformation from communist economies into market economies, this textbook focuses on the role of the state, and the de... » 

Taking a macroeconomic approach to the transformation from communist economies into market economies, this textbook focuses on the role of the state, and the definition within a changing environment. Emphasis is given to the role of money and the financial sector. Transition is presented as a story of economic crises, recovery, and fragility. «