Arbeitspapier

Banking in transition countries

Modern banking institutions were virtually non-existent in the planned economies of cen-tral Europe and the former Soviet Union. In the early transition period, banking sectors began to develop during several years of macroeconomic decline and turbulence accompa-nied by repeated bank crises. However, governments in many transition countries learned from these tumultuous experiences and eventually dealt successfully with the accumulated bad loans and lack of strong bank regulation. In addition, rapid progress in bank privatiza-tion and consolidation took place in the late 1990s and early 2000s, usually with the partic-ipation of foreign banks. By 2005, the banking sectors in many transition countries had developed sufficiently to provide a wide range of services with solid bank performance. Recently, banks have switched their focus from lending to enterprises in a somewhat un-derdeveloped institutional environment to new collateralized lending to households, which accounts for much of the recent growth of credit in many transition countries.

ISBN
978-952-462-915-7
Sprache
Englisch

Erschienen in
Series: BOFIT Discussion Papers ; No. 12/2008

Klassifikation
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Socialist Institutions and Their Transitions: General
Socialist Institutions and Their Transitions: Financial Economics
Comparative Studies of Particular Economies
Thema
transition banking
bank privatization
foreign banks
bank regulation
credit growth

Ereignis
Geistige Schöpfung
(wer)
Bonin, John
Hasan, Iftekhar
Wachtel, Paul
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Bonin, John
  • Hasan, Iftekhar
  • Wachtel, Paul
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Entstanden

  • 2008

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