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The Development and Reform of Financial Systems in Central and Eastern Europe
The introduction of effective, competitive and innovative financial systems will be a key factor in the economic success, or failure, of Central and Eastern Europe. This important volume presents a comprehensive, up-to-date analysis of the development of financial systems in the region with contributions from leading researchers and bankers.
An overview of recent developments and discussion of some of the major issues – including central bank independence, bank privatization and bankruptcy regulations – is followed by discussion of the conditions for and likely consequences of financial liberalization in Central and Eastern Europe. The contributors draw upon the experience of Austria and Finland, two West European countries that recently accomplished full financial liberalization. The final section includes a series of specific regional studies on the results and problems of financial reform in the Czech Republic, Hungary and Poland, three leading reforming countries, and Bulgaria, one of the ‘second wave’ of transitional economies.
An overview of recent developments and discussion of some of the major issues – including central bank independence, bank privatization and bankruptcy regulations – is followed by discussion of the conditions for and likely consequences of financial liberalization in Central and Eastern Europe. The contributors draw upon the experience of Austria and Finland, two West European countries that recently accomplished full financial liberalization. The final section includes a series of specific regional studies on the results and problems of financial reform in the Czech Republic, Hungary and Poland, three leading reforming countries, and Bulgaria, one of the ‘second wave’ of transitional economies.
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Critical Acclaim
Contributors
More Information
The introduction of effective, competitive and innovative financial systems will be a key factor in the economic success, or failure, of Central and Eastern Europe. This important volume presents a comprehensive, up-to-date analysis of the development of financial systems in the region with contributions from leading researchers and bankers.
An overview of recent developments and discussion of some of the major issues – including central bank independence, bank privatization and bankruptcy regulations – is followed by discussion of the conditions for and likely consequences of financial liberalization in Central and Eastern Europe. The contributors draw upon the experience of Austria and Finland, two West European countries that recently accomplished full financial liberalization. The final section includes a series of specific regional studies on the results and problems of financial reform in the Czech Republic, Hungary and Poland, three leading reforming countries, and Bulgaria, one of the ‘second wave’ of transitional economies.
Providing an authoritative review of current trends, The Development and Reform of Financial Systems in Central and Eastern Europe makes a unique contribution to a neglected area in the literature on economic transformation and development in former command economies.
An overview of recent developments and discussion of some of the major issues – including central bank independence, bank privatization and bankruptcy regulations – is followed by discussion of the conditions for and likely consequences of financial liberalization in Central and Eastern Europe. The contributors draw upon the experience of Austria and Finland, two West European countries that recently accomplished full financial liberalization. The final section includes a series of specific regional studies on the results and problems of financial reform in the Czech Republic, Hungary and Poland, three leading reforming countries, and Bulgaria, one of the ‘second wave’ of transitional economies.
Providing an authoritative review of current trends, The Development and Reform of Financial Systems in Central and Eastern Europe makes a unique contribution to a neglected area in the literature on economic transformation and development in former command economies.
Critical Acclaim
‘. . . this publication does contain some very interesting articles.’
– Peter Westin, The Slavonic Review
‘As a whole the book provides extremely useful and up-to-date reference material on financial sector reform in Central and Eastern Europe.’
– Andy Mullineux, The Economic Journal
‘The reviewed work is aimed at the specialist, but its direct and clear language means that anyone with a basic knowledge of banking and finance should find the texts useful.’
– Janice Bell, Slovo
– Peter Westin, The Slavonic Review
‘As a whole the book provides extremely useful and up-to-date reference material on financial sector reform in Central and Eastern Europe.’
– Andy Mullineux, The Economic Journal
‘The reviewed work is aimed at the specialist, but its direct and clear language means that anyone with a basic knowledge of banking and finance should find the texts useful.’
– Janice Bell, Slovo
Contributors
Contributors: I. Ábel, J.P. Bonin, P. Dittus, R. Dobrinsky, H. Glück, R.A. Golden, H. Handler, E. Hochreiter, M. Hrncír, D.M. Kemme, J. Király, C. Kirchner, R. Kokoszczynski, J. Kregel, D. Kruse, K. Mizsei, J.M. Montias, P. Mooslechner, R. Pugh Piper, J. Rautava, W. Riecke, G. Sándor, M.E. Schaffer, A. Schubert, P.L. Siklos, G. Surányi, J. Száz, I.P. Székely, P. Tschöp, W. Varga, É. Várhegyi, G. Winkler, P. Wyczanski
