Financial Sector Reforms and Exchange Arrangements in Eastern Europe

Financial Sector Reforms and Exchange Arrangements in Eastern Europe

Author: Guillermo Calvo

Publisher:

Published: 1993

Total Pages: 76

ISBN-13:

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The two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. the first paper describes the financial sector reforms untertaken by these countries since the 1980s, as well as the problems encountered. It also discusses the roles privatization, stabilization policies, and prudential supervision can play in the financial sector development of these countries. the second paper analyzes the different exchange arrangements as they apply to previously centrally planned economies;examines the general arguments for convertability in these countries;and considers the desirable degree of exchange rate flexibility.


Financial Sector Reforms and Exchange Arrangements in Eastern Europe

Financial Sector Reforms and Exchange Arrangements in Eastern Europe

Author: Mr.Eduardo Borensztein

Publisher: INTERNATIONAL MONETARY FUND

Published: 1993-02-15

Total Pages: 66

ISBN-13: 9781557752796

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The two papers draw from the brief yet radical reform experiences of five countries-Bulgaria, former Czechoslovakia, Hungary, Poland, and Romania. The first paper describes the financial sector reforms untertaken by these countries since the 1980s, as well as the problems encountered. It also discusses the roles privatization, stabilization policies, and prudential supervision can play in the financial sector development of these countries. The second paper analyzes the different exchange arrangements as they apply to previously centrally planned economies; examines the general arguments for convertability in these countries; and considers the desirable degree of exchange rate flexibility.


Financial Reforms in Eastern Europe

Financial Reforms in Eastern Europe

Author: Kanhaya Gupta

Publisher: Routledge

Published: 2006-08-21

Total Pages: 220

ISBN-13: 1134706626

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This book presents a model which simulates the effects of financial reforms in transitional economies, which is then applied to Poland for a variety of policy simulations. The authors develop models for households, commerical banks and firms, expanding their enquiry into the government sector, the central banking sector, the external sector and finally the supply side. These sub-sector models explicitly incorporate institutional features specific to the Polish economy. The estimated model is used to simulate the effects of a wide array of financial policies introduced in Poland, and these results are then used to assess the effectiveness of the policies analyzed. This timely and authoritative study sheds new light on how a country's overall economic system responds when it pursues a 'big-bang' approach to marketization.


Financial Reform in Central and Eastern Europe

Financial Reform in Central and Eastern Europe

Author: A. W. Mullineux

Publisher: Nova Publishers

Published: 1996

Total Pages: 336

ISBN-13: 9781560722311

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This book contains 3 major sections: 1: Monetary and Exchange Rate Policies in Poland and the ex-CSFR; 2: The Banking Sector and Enterprise Restructuring, including Privatisation and Hardening of Budget Constraints and the Micro Level; and 3: Bank Regulatory and Supervisory Issues.


Financial Markets in Central and Eastern Europe

Financial Markets in Central and Eastern Europe

Author: Morten Balling

Publisher: Routledge

Published: 2004-08-02

Total Pages: 401

ISBN-13: 1134292716

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This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.


Banking Reforms in South-East Europe

Banking Reforms in South-East Europe

Author: Zeljko Šević

Publisher: Edward Elgar Publishing

Published: 2002-10-29

Total Pages: 480

ISBN-13: 9781781959565

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'. . .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 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.


Stabilization and Reform in Eastern Europe

Stabilization and Reform in Eastern Europe

Author: Mr.Michael Bruno

Publisher: International Monetary Fund

Published: 1992-05-01

Total Pages: 44

ISBN-13: 1451844859

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The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.