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The return of political risk: Foreign-owned banks in Eastern Europe (2013)
Journal Article
Gabor, D., & Kudrna, Z. (2013). The return of political risk: Foreign-owned banks in Eastern Europe. Europe-Asia Studies, 65(3), 548-566. https://doi.org/10.1080/09668136.2013.779458

Political risk—risk that investments are damaged by policy action of authorities—increased during the financial crisis due to controversies about the distribution of accumulated losses among stakeholders. Authorities interconnected by cross-border ba... Read More about The return of political risk: Foreign-owned banks in Eastern Europe.

Managing Capital Accounts in Emerging Markets: Lessons from the Global Financial Crisis (2012)
Journal Article
Gabor, D. (2012). Managing Capital Accounts in Emerging Markets: Lessons from the Global Financial Crisis. Journal of Development Studies, 48(6), 714-731. https://doi.org/10.1080/00220388.2011.649257

AbstractThe global financial crisis forcefully highlighted the importance of curbing the impact of large and volatile capital inflows on growth and financial stability in developing countries. It led the IMF to reconsider its long-standing rejection... Read More about Managing Capital Accounts in Emerging Markets: Lessons from the Global Financial Crisis.

The power of collateral: The ECB and geographies of bank funding (2012)
Journal Article
Gabor, D. (2012). The power of collateral: The ECB and geographies of bank funding. https://doi.org/10.2139/ssrn.2062315

This paper explores the importance of geographies of bank funding for the design of central banks’ crisis interventions in financial markets. It first distinguishes between market-based and bank-based measures to then focus on the collateral manageme... Read More about The power of collateral: The ECB and geographies of bank funding.

The road to financialization in Central and Eastern Europe: Revisiting the early policies and politics of stabilizing transition (2012)
Journal Article
Gabor, D. (2012). The road to financialization in Central and Eastern Europe: Revisiting the early policies and politics of stabilizing transition. Review of Political Economy, 24(2), 227-249. https://doi.org/10.1080/09538259.2012.664333

Early stabilization policies played an important part in the financialization of the formerly planned economies. The excess demand narrative, one of the least contested ‘problems’ of post-socialist transformation, structured central banks’ liquidity... Read More about The road to financialization in Central and Eastern Europe: Revisiting the early policies and politics of stabilizing transition.

The Road to Financialization in Central and Eastern Europe: The Early Policies and Politics of Stabilizing Transition (2012)
Journal Article
Gabor, D. V., & Gabor, D. (2012). The Road to Financialization in Central and Eastern Europe: The Early Policies and Politics of Stabilizing Transition. Review of Political Economy, 24(2), 227-249. https://doi.org/10.1080/09538259.2012.664333

Narratives of macroeconomic stabilization played an important part in the financialization of the formerly planned economies. The excess demand narrative, one of the least contested 'problems' of post-socialist transformation, shaped central banks' l... Read More about The Road to Financialization in Central and Eastern Europe: The Early Policies and Politics of Stabilizing Transition.

Political risk, crisis and foreign-owned banks in New Member states (2012)
Journal Article
Gabor, D., & Kudrna, Z. (2012). Political risk, crisis and foreign-owned banks in New Member states. Europe-Asia Studies, 65(3), 548-566. https://doi.org/10.1080/09668136.2013.779458

The financial crisis renewed attention to risks disregarded during boom years, including political risks stemming from transnational banking within the EU. The need to distribute crisis-related losses prompted authorities in Hungary, Austria, Romania... Read More about Political risk, crisis and foreign-owned banks in New Member states.

(De)Financialization and crisis in Eastern Europe (2010)
Journal Article
Gabor, D. (2010). (De)Financialization and crisis in Eastern Europe. Competition and Change, 14(3-4), 248-270. https://doi.org/10.1179/102452910X12837703615373

This paper investigates how financialization pressures in Eastern Europe shaped vulnerabilities to the 2007 global deleveraging and to what extent policy responses to crisis have sought to reinforce or delink from financialization. It explores the te... Read More about (De)Financialization and crisis in Eastern Europe.

The International Monetary Fund and its New Economics (2010)
Journal Article
Gabor, D. (2010). The International Monetary Fund and its New Economics. Development and Change, 41(5), 805-830. https://doi.org/10.1111/j.1467-7660.2010.01664.x

This article focuses on a key element of the IMF's agenda for change: the repackaging of its economics of crisis around inflation targeting. It examines how this new policy regime redefines the political economy of the IMF's policy advice, and contex... Read More about The International Monetary Fund and its New Economics.

From rhetorics to practice in monetary policy: A Romanian perspective (2008)
Journal Article
Gabor, D. (2008). From rhetorics to practice in monetary policy: A Romanian perspective. Comparative Economic Studies, 50(3), 511-534. https://doi.org/10.1057/ces.2008.24

In August 2005, the National Bank of Romania changed its monetary policy framework in an attempt to sharpen its influence on monetary conditions in the economy. It replaced the strategy of targeting monetary aggregates used since 1990 with inflation... Read More about From rhetorics to practice in monetary policy: A Romanian perspective.

Coping in the subprime region
Journal Article
Gabor, D. Coping in the subprime region. Journal of Development Studies,

This paper focuses on Eastern Europe’s experience before and during the 2007-2009 crisis to discuss emerging countries’ options to address global liquidity cycles. It argues that sequencing strategies envisaging capital controls as last-resort option... Read More about Coping in the subprime region.