The book examines in depth the progress of reform in the banking sector in Eastern Europe - which is a key element in its transition to the market. Particular emphasis is placed on the problem of bad debts owed by companies to banks, and on criteria and options for overcoming this serious problem. The book also analyses the recent development of capital markets in Eastern Europe, their role in attracting foreign capital flows and the limitations to the development of those markets and suggests how to overcome them. Based on analysis by senior policy-makers and academics from the region , the…mehr
The book examines in depth the progress of reform in the banking sector in Eastern Europe - which is a key element in its transition to the market. Particular emphasis is placed on the problem of bad debts owed by companies to banks, and on criteria and options for overcoming this serious problem. The book also analyses the recent development of capital markets in Eastern Europe, their role in attracting foreign capital flows and the limitations to the development of those markets and suggests how to overcome them. Based on analysis by senior policy-makers and academics from the region , the book focuses on four countries: the former Czechoslovakia (now the Czech and Slovak Republics), Hungary and Poland.
PART 1: INTRODUCTION AND NON-BANKING FINANCIAL FLOWS - Introductory Framework; S.Griffith-Jones - Non-Banking Financial Sector and the Link to Foreign Investment; Z.Drabek - PART 2: CASE STUDIES - Key Issues in Czechoslovak Banking: a Central Banker's Perspective; M.Kerous - Capital Accumulation for Long-Term Economic Growth in the Czech Republic; J.Klacek - Problems of Financing Small and Medium-Sized Enterprises in the Czech Republic; O.Dedek - Development of the Financial Sector in Hungary during the Transition Period; R.Nyers & G.R.Lutz - Financial Sector Development and Macroeconomic Policy in Poland in 1990-93; T.Lamacz - PART 3: LESSONS FROM DEVELOPING COUNTRIES - Financial Liberalization, Growth and Adjustment: Some Lessons from Developing Countries; R.Vos - PART 4: CONCLUSIONS AND POLICY IMPLICATIONS - Conclusions; S.Griffith-Jones & E.V.K.FitzGerald
PART 1: INTRODUCTION AND NON-BANKING FINANCIAL FLOWS - Introductory Framework; S.Griffith-Jones - Non-Banking Financial Sector and the Link to Foreign Investment; Z.Drabek - PART 2: CASE STUDIES - Key Issues in Czechoslovak Banking: a Central Banker's Perspective; M.Kerous - Capital Accumulation for Long-Term Economic Growth in the Czech Republic; J.Klacek - Problems of Financing Small and Medium-Sized Enterprises in the Czech Republic; O.Dedek - Development of the Financial Sector in Hungary during the Transition Period; R.Nyers & G.R.Lutz - Financial Sector Development and Macroeconomic Policy in Poland in 1990-93; T.Lamacz - PART 3: LESSONS FROM DEVELOPING COUNTRIES - Financial Liberalization, Growth and Adjustment: Some Lessons from Developing Countries; R.Vos - PART 4: CONCLUSIONS AND POLICY IMPLICATIONS - Conclusions; S.Griffith-Jones & E.V.K.FitzGerald
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