Financial Transition in Europe and Central Asia : Challenges of the New Decade

The financial sectors of the post-communist economies of Europe and Central Asia are perhaps where the most intractable problems existed and where the most difficult reforms were forced to begin. This report examines the factors that influenced, and will influence, the adaptation of ECA's financial systems, starting from an examination of how the global financial system--especially the Western European component--has evolved, and how these developments have both influenced and challenged different types of transition economies. The report also provides an opportunity to take stock of progress in the financial systems of ECA countries over the past 10 years and to identify the main challenges confronting financial policymakers during this period.

Bibliographic Details

Main Authors:	Bokros, Lajos, Fleming, Alexander, Votava, Cari
Language:	English en_US
Published:	Washington, DC: World Bank 2001-07
Subjects:	BALANCE SHEETS, BANK LENDING, BANKING CRISES, BANKING CRISIS, BANKING REGULATION, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BANKING SYSTEMS, BANKS, BOOK VALUE, CAPITAL ADEQUACY, CAPITAL FLOWS, CAPITAL MARKET SUPERVISION, CAPITAL MARKETS, CENTRAL BANKING, CENTRAL PLANNING, COLLUSION, COMPARATIVE ANALYSIS, CONSOLIDATION, CORPORATE GOVERNANCE, CROATIAN NATIONAL BANK, DEPOSITS, DEREGULATION, DEVELOPMENT BANKS, DOMESTIC STOCK MARKETS, EARNINGS GROWTH, ECONOMIC GROWTH, ECONOMIC SYSTEMS, ECONOMICS, ECONOMIES OF SCALE, EFFECTIVE BANKING SUPERVISION, EMERGING ECONOMIES, EUROPEAN CENTRAL BANK, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DEEPENING, FINANCIAL INNOVATION, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL INTERMEDIATION, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SECTOR REFORM, FINANCIAL SYSTEMS, FISCAL POLICIES, FOREIGN BANKS, GDP, GLOBALIZATION, GOVERNMENT POLICIES, GROSS NATIONAL PRODUCT, GROSS NATIONAL PRODUCT PER CAPITA, IMPAIRED ASSETS, INSURANCE, INTERNATIONAL FINANCE, INTERNATIONAL MONETARY FUND, INVESTOR PROTECTION, LEGAL INFRASTRUCTURE, LEGAL SYSTEMS, LEGISLATION, LIQUIDATION, MACROECONOMIC STABILIZATION, MARKET ECONOMIES, MARKETABLE SECURITIES, MERGERS, MONETARY POLICY, NONBANK FINANCIAL INSTITUTIONS, NONPERFORMING LOANS, OPEN ECONOMIES, PORTFOLIOS, PRIVATIZATION, PRUDENTIAL REGULATION, PRUDENTIAL REGULATION AND SUPERVISION, PRUDENTIAL SUPERVISION, RECAPITALIZATION, REGULATORY FRAMEWORK, SAVINGS, SECURITIES MARKETS, STATE BANKS, STATE ENTERPRISES, STATE OWNERSHIP, STOCK MARKETS, SUPERVISORY FRAMEWORK, TELECOMMUNICATIONS, TRADING, TRANSITION ECONOMIES, VOLATILITY, VULNERABILITY,
Online Access:	http://documents.worldbank.org/curated/en/2001/07/1631725/financial-transition-europe-central-asia-challenges-new-decade https://hdl.handle.net/10986/14012
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