Economic Development and Financial Markets

1. Front Matter

   Pages i-xiv

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2. Macroeconomics and Monetary Policy in Chosen EU Countries

   1. Front Matter

      Pages 1-1

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   2. Regional Inequalities in Central and Eastern European Countries: The Role of Capital Regions and Metropolitan Areas

      • Yannis Psycharis, Dimitris Kallioras, Panayotis Pantazis

      Pages 3-20

   3. Democracy in CEE: The Social and Economic Embeddedness

      • Marija Džunić, Nataša Golubović, Jelena J. Stanković

      Pages 21-38

   4. Contrasting Theories and Evidence About Income Inequality of Post-socialist Central and Eastern European Countries in the European Union

      • Gyorgy Andor

      Pages 39-52

   5. Drivers of Competitiveness in European High-Tech Industries

      • Alexandra Horobet, Oana Popovici, Lucian Belascu

      Pages 53-79

   6. Factors Affecting Consumers’ Inflation Expectations in EU Members States with Independent Monetary Policy

      • Magdalena Szyszko, Aleksandra Rutkowska

      Pages 81-100

3. Development of Financial Markets and Insurance in Central and Eastern Europe

   1. Front Matter

      Pages 101-101

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   2. Assessing the Financial Integration of Eastern European Countries

      • Özcan Karahan, Metehan Yılgör, Hakan Öndes

      Pages 103-115

   3. Starting New Business and Access to Finance: A Panel Data Investigation

      • Valentina Diana Rusu, Angela Roman

      Pages 117-131

   4. An Environmental Surety Bond in Chosen CEE Countries as a Type of Financial Security in Case of an Environmental Damage

      • Jacek Lisowski, Aleksandra Hęćka

      Pages 133-142

   5. The Equilibrium on the Motor Insurance Market in Selected CEE Countries

      • Adam Śliwiński, Łukasz Kuryłowicz

      Pages 143-164

   6. The Relationship Between Locational Preferences of Banking Sector and Socioeconomic Structures of Cities in Turkey

      • N. Aydan Sat, Cigdem Varol

      Pages 165-179

This book offers fresh insights into the economic development and financial markets of Southeastern and Central European countries. The first part analyses macroeconomic trends and monetary policy issues, while the second part explores the development of financial and insurance markets. With contributions covering topics such as regional and income inequalities, economic embeddedness, industrial competitiveness, entrepreneurship, financial integration, insurance markets, and other socio-economic aspects, it appeals to scholars in the field of economics and finance interested in the further economic development of the Balkans and Eastern European countries as well as to professionals in the financial and insurance sectors.

• Financial integration and competitiveness
• Financial markets and insurance
• Economic embeddedness
• Inequality and economic growth
• Financial constraints
• Multi-criteria decision making
• Savings and investment
• Political rhetoric and growth of the bureaucracy
• Institutional change
• High-tech industries in the EU
• insurance

• Department of Risk and Insurance, Warsaw School of Economics, Warsaw, Poland

  Adam Śliwiński

• Department of Economics, International Hellenic University, Serres, Greece

  Persefoni Polychronidou

• Department of Accounting and Finance, International Hellenic University, Kavala, Greece

  Anastasios Karasavvoglou

Adam Sliwinski (PhD, MBA, MSc) is a Professor at Warsaw School of Economics/Institute of Risk and Financial Markets (Poland) and he is the Head of Risk and Insurance Department. His main area of research interests are risk management and empirical aspects of finance and insurance. He has business experience gathered cooperating with a number of international insurers and financial companies. He is the author and co-author of many papers and three books on insurance and risk management subject. He was awarded the best Insurance Debut prize in 2008 for his contribution to the development of the Polish mutual insurance market.


Persefoni Polychronidou is an Assistant Professor of Applied Econometrics in Accounting and Finance at the Department of Economics at the International Hellenic University, Greece. Her research focuses on statistical and data analysis and she has published numerous papers on empirical economic data. 


Anastasios Karasavvoglou is a Professor of Economics at the International Hellenic University, Greece, and President of the annual international conference "The Economies of the Balkan and the Eastern European Countries in the Changing World". He has published numerous books and papers on immigration, regional development and the labour market. 

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