Is the economic reform of Central Europe influenced by or an influence upon capital markets? Where does globalization fit in? Ken Morita's pioneering work investigates the relationship between the systemic transition of Central European economies and capital markets, in particular the commodity futures markets and speculation.
Contents: Commodity Exchanges in Central Europe: Futures markets and centrally planned economies; The necessity of commodity futures markets in transition economies; Current situation of the commodity exchanges in Central Europe; The functions of commodity exchange in Central Europe. Economic Reforms and Capital Movements in Central Europe: Political economy of reforms; Polish economic reforms in the Japanese historical perspective; An economic analysis of Daihatsu - FSO case; Inward FDI and capital movements in Central Europe. International Commodity Agreements and Futures Market: An analysis of excessive speculation; A diagnosis of destabilizing speculation; An economic analysis of International Commodity Agreements; A sociological study of the futures market; A political economy of the futures market; A destabilizing effect of commodity market intervention; Concluding remarks; Bibliography; Index.