At the beginning of the transition process, the countries of Central and Eastern Europe faced the task of creating a functioning financial system where none had existed before. A decade later, high-level practitioners and well-known experts take stock of banking and monetary policy in the region, centring on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.
List of Tables
List of Figures
PART I: KEYNOTE ADDRESS
Experience and Perspectives of Financial Sector Development in Central and Eastern Europe; L.Bokros
PART II: THE GOVERNANCE OF BANKS IN EMERGING FINANCIAL SYSTEMS
Is Foreign Control a Panacea? On Governance and Restructuring of Commercial Banks in Transition Economies; C.Buch
Refinancing Banks in an Unstable Financial Environment: The KfW Experience; W.Neuhauss
PART III: FINANCIAL CRISIS IN RETROSPECT
Models of Financial Crisis? Can They Explain the 'Boom' of Financial Crises in Transition?; Z.Arvai & J.Vincze
Promoting Financial Development and Preventing Crisis: Lessons from Poland; Z.Polanski
The Role of the Financial Sector in Macroeconomic Adjustment Programmes; G.Bell
PART IV: FINANCIAL DEVELOPMENT IN EASTERN EUROPE: LOOKING AHEAD
'EU Accession Countries: What Path to a Successful EMU Membership?'; P.Bofinger & T.Wollmershäuser
Financial Institution Building: Only a Drop in the Ocean?; C.P.Zeitinger
The Development of the Banking Sector in Eastern Europe: The Next Decade; C.Hainz & M.Schnitzer
ADALBERT WINKLER is Head of Economics at Internationale Projekt Consult (IPC), Frankfurt am Main, and Senior Lecturer at the University of Würzburg.
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