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Banking Reforms in South-East Europe
Banking Reforms in South-East Europe gives a critical and detailed overview of banking system restructuring in the transitional countries of South-Eastern Europe – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania and Yugoslavia – and offers suggestions for future reforms.
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Critical Acclaim
Contributors
Contents
More Information
Banking Reforms in South-East Europe gives a critical and detailed overview of banking system restructuring in the transitional countries of South-Eastern Europe – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania and Yugoslavia – and offers suggestions for future reforms.
The book opens with a comparison of the experiences of Central European advanced transitional economies with those of the Balkan countries. Proposals are put forward for ways in which positive aspects of the Central European experience can be applied to banking reform in the Balkans. The authors examine the importance of regional collaboration for the overall economic and social transition in the region, and consider whether it can facilitate the next stage of banking reform. They also analyse the results of currency board arrangements as a possible alternative to classical central banking, using the experiences of Bulgaria, Bosnia and the Yugoslav Republic of Montenegro. The book concludes with an analysis of the experience of individual economies and consists of a number of country-specific banking studies, covering all the transitional economies of South-East Europe.
The book will be of great interest to both scholars of transition economies and policymakers in finance and financial institutions.
The book opens with a comparison of the experiences of Central European advanced transitional economies with those of the Balkan countries. Proposals are put forward for ways in which positive aspects of the Central European experience can be applied to banking reform in the Balkans. The authors examine the importance of regional collaboration for the overall economic and social transition in the region, and consider whether it can facilitate the next stage of banking reform. They also analyse the results of currency board arrangements as a possible alternative to classical central banking, using the experiences of Bulgaria, Bosnia and the Yugoslav Republic of Montenegro. The book concludes with an analysis of the experience of individual economies and consists of a number of country-specific banking studies, covering all the transitional economies of South-East Europe.
The book will be of great interest to both scholars of transition economies and policymakers in finance and financial institutions.
Critical Acclaim
‘. . . it is a very valuable contribution for understanding the actual situation of the South-East European countries, and the steps that need to be taken for the consolidation of an up-to-date banking system and to accelerate, hopefully, an earlier integration of these countries into the European Union.’
– Agim I. Tartari, Journal of International Banking Law and Regulation
‘. . .Sevic offers an accessible and closely argued account of financial sector reform processes in Southeast Europe. Sevic’s book is the result of an extensive research project on banking sector reform in the Southeast European transitional economies undertaken since late 1998. . . an extensive look at this timely volume will pay handsome dividends and could help devise successful business plans.’
– Jens Bastian, Southeast European and Black Sea Studies
‘The book will be a very agreeable reading to experts on the region. Its comprehensive analysis emphasises past and current conflicts, the recourse to currency board arrangements, and the persisting asymmetries with reference to the functioning of the banking system in Central Europe. . . Banking Reforms in South-East Europe is a book that college students in banking and financial markets, and banking analysts should read.’
– Bruno S. Sergi, South-East Europe Review
– Agim I. Tartari, Journal of International Banking Law and Regulation
‘. . .Sevic offers an accessible and closely argued account of financial sector reform processes in Southeast Europe. Sevic’s book is the result of an extensive research project on banking sector reform in the Southeast European transitional economies undertaken since late 1998. . . an extensive look at this timely volume will pay handsome dividends and could help devise successful business plans.’
– Jens Bastian, Southeast European and Black Sea Studies
‘The book will be a very agreeable reading to experts on the region. Its comprehensive analysis emphasises past and current conflicts, the recourse to currency board arrangements, and the persisting asymmetries with reference to the functioning of the banking system in Central Europe. . . Banking Reforms in South-East Europe is a book that college students in banking and financial markets, and banking analysts should read.’
– Bruno S. Sergi, South-East Europe Review
Contributors
Contributors: F. Baholli, G. Bisev, G.M. Caporale, S. Dilova-Kirkowa, D. Djukic, C. Doltu, J. Galic, K. Hristov, R. Jovancevic, Y. Koyama, M.K. Lewis, J.B. Miller, A.W. Mullineux, N. Nenovsky, B. Petrov, G. Pitic, F. Saccomanni, D. Savin, A. Sevic, Z. Sevic, A. Stavri, J. Tesche
Contents
Contents: Preface 1. Assessing the Banking Reforms in South-East Europe Part I: General and Theoretical Issues 2. Economic Reform in South-East European Countries in Transition 3. The Role of the Stability Pact in Financial Sector Reform in South-East Europe 4. Governance Structures 5. Central Bank Reform in South-East Europe: Recent Developments and Prospects 6. Currency Boards and Currency Arrangements in Transition Economies 7. Comparative Models of Banking Reform 8. Banking Reform in South-East European Countries in the Light of the Central European Experience Part II: Country Studies 9. Banking Reform in Albania 10. Banking Reform in Bosnia and Herzegovina 11. The Banking System in Bulgaria 12. Reforming the Banking System in Croatia and its Broader Macroeconomic Environment 13. Banking Reform in Macedonia 14. Banking Reform in Romania 15. Reforming the Banking System in Yugoslavia Index
