Transition Banking: Financial Development of Central and Eastern Europe

Hardcover | January 1, 1998

byRonald W. Anderson, Chantal Kegels

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Transition Banking assesses the efforts since 1989 to develop financial sectors in the economies of Central and Eastern Europe. In finance above all, the principles of central planning were radically opposed to those of capitalism, and moving from one system to the other has required entirelynew institutions and skills. This financial development is crucial to growth and to full partnership with the West.The approach taken here is comprehensive, empirical, and comparative. Anderson and Kegels seek to answer a series of key questions:* Has the State retreated from controlling the allocation of savings?* Is the banking sector competitive?* Do investors direct the use of capital?* Are securities markets developing?* Is outside finance supporting economic growth?* Is the financial system stable?In explaining the logic of finance in a transition setting, Transition Banking both documents the important progress made in institution-building to date and pinpoints the areas where the region remains vulnerable.

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Transition Banking assesses the efforts since 1989 to develop financial sectors in the economies of Central and Eastern Europe. In finance above all, the principles of central planning were radically opposed to those of capitalism, and moving from one system to the other has required entirelynew institutions and skills. This financia...

Ronald W. Anderson and Chantal Kegels are in the Department of Economics, both at the Catholic University of Louvain.

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Format:HardcoverDimensions:316 pages, 9.21 × 6.14 × 0.87 inPublished:January 1, 1998Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198290136

ISBN - 13:9780198290131

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