The Last Shall Be the First: The East European Financial Crisis

by Anders Aslund and Anders Åslund

This book deals with the financial crisis in Eastern Europe that erupted in the fall of 2008 and abated in the spring of 2010. It concentrates on the ten new eastern members of the European Union. The causes of the crisis posed no mysteries. This was a typical credit-driven boom-and-bust cycle that led to excessive current account deficits. When global liquidity dried up, the overheated East European economies faced a sudden stop of financial inflows...

• Format: Paperback
• Language: English
• ISBN: 088132521X
• ISBN13: 9780881325218
• Release Date: October 2010
• Publisher: Peterson Institute for International Economic
• Length: 136 Pages
• Weight: 0.50 lbs.
• Dimensions: 0.5" x 5.9" x 8.9"
• Grade Range: Postsecondary and higher