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This book explores the causes and effects of the rise of neoliberalism in Eastern Europe in the aftermath of the collapse of the Soviet Union. It provides a political economy analysis of the role of central banks, and identifies them as a key actor in the production and dissemination of the neoliberal economic policies.

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Introduction The Political Economy of Central Banking: from Keynesianism to inflation targeting The ´Gradualist´ Years: 1990-1996 The Dawn of a New Era: 1997-2005 Inflation Targeting in the Run-up to the Crisis Coping in the Subprime Region Conclusion and Implications Bibliography

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"Some people claim that Strauss-Kahn was a ´reformer´ who changed the IMF after he took over in 2009. Certainly, there was a shift in rhetoric but detailed study by Dr Daniela Gabor ... has shown that the substance is business-as-usual."- The Independent

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DANIELA GABOR is Senior Lecturer in economics at the University of the West of England, UK.

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