Download or read book Banking reform in transition countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reform in Developing Countries written by José María Fanelli and published by Springer. This book was released on 1998-11-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
Download or read book Banking Reforms in South East Europe written by Zeljko Šević and published by Edward Elgar Publishing. This book was released on 2002-10-29 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . .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.
Download or read book Local Governments Fiscal Balance Privatization and Banking Sector Reform in Transition Countries written by Ernesto Crivelli and published by International Monetary Fund. This book was released on 2012-06-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments.
Download or read book Financial Transition in Europe and Central Asia written by Alexander Fleming and published by World Bank Publications. This book was released on 2001-01-01 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains 21 papers focusing on a wide range of issues concerning financial sector transition in the countries of Europe and Central Asia (ECA). It places the transition economies in the context of recent and prospective developments in global financial markets. This book also evaluates the experience of the last 10 years and reviews the progress from a command financial system to a market-based one, identifying some of the key characteristics of the financial transition.
Download or read book Central Bank Reform in the Transition Economies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-05-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided by the IMF and 23 central banks. This book edited by V. Sundararajan, Arne B. Peterson, and Gabriel Sensenbrenner, contains the background papers prepared for the second joint coordinating meeting of participants. That meeting focused on the progress of structural reforms in central banking and bank restructuring and identified priorities for the deepening of reforms. The book documents the remarkable progress achieved by the Baltic and CIS central banks and the catalytic role they have played in financial market development.
Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Download or read book Economies in Transition written by Alice Galenson and published by World Bank Publications. This book was released on 2004-01-01 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Latin American Development Forum promotes debate and disseminates knowledge and analysis on economic and social development issues in Latin America and the Caribbean. The Institutional Sponsors of this series are the World Bank, United Nations Economic Commission for Latin America and the Caribbean (ECLAC), and Inter-American Development Bank (IADB). The transition economies of the Europe and Central Asia Region faced unprecedented political, economic, and social change after me break-up of the Soviet Union. With assistance from the World Bank and other donors, many countries quickly accomplished a number of reforms, but progress in others has been slower. Much has been achieved--"the private share of GDP in the transition countries is nearly 70 percent, and 8 countries have joined the EU--"but much remains to be completed.
Download or read book Banking Reform Risk Taking and Earnings Quality Evidence from Transition Countries written by Yiwei Fang and published by . This book was released on 2016 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamic banking reforms of Central and Eastern Europe (CEE) following the collapse of the Soviet Union provide an ideal research setting for examining the causal effect of institutional development on financial reporting. Using five earnings quality measures, we consistently find that banking reform improves accounting quality and reduces earnings management incentives in the 16 transition countries considered. The results strongly hold in our within-country and difference-in-difference models, as well as in non-parametric analyses. We also find supporting evidence for the notion that excessive risk-taking of banks impairs earnings quality. As a result, banking reform improves earnings quality partially through its ability to curb risk-taking behavior. Publication keywords: earnings management, earnings quality, institutional development, bank risk-taking.
Download or read book Central Banking in Transition Countries written by Mr.Helmut Wagner and published by International Monetary Fund. This book was released on 1998-08-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.
Download or read book Banking Reform in the Lower Mekong Countries written by Mr.Olaf Unteroberdoerster and published by International Monetary Fund. This book was released on 2004-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews recent banking reform efforts in the lower Mekong countries (LMCs), comprising Cambodia, the Lao People's Democratic Republic, and Vietnam. Linked by close economic and cultural ties, the three LMCs face the dual challenge of economic development and transition to market-based economies. Two-tier banking systems were formally introduced in the late 1980s. However, state-owned banks with weak balance sheets continue to dominate the banking systems of Vietnam and Lao P.D.R. Cambodia's main challenge is to reconstruct a banking system after decades of civil strife. Based on progress made and brief cross-country comparisons, the paper identifies key challenges and options for further reform.
Download or read book A New Database of Financial Reforms written by Abdul Abiad and published by International Monetary Fund. This book was released on 2008-12 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multi-faceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.
Download or read book written by Alice Galenson and published by World Bank. This book was released on 2005-01-01 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition economies of the Europe and Central Asia Region faced unprecedented political, economic, and social change after the break-up of the Soviet Union. With assistance from the World Bank and other donors, many countries quickly accomplished a number of reforms, but progress in others has been slower. Much has been achieved - the private share of GDP in the transition countries is nearly 70 percent, and 8 countries have joined the EU - but much remains to be completed. 'Economies in Transition' assesses the effectiveness of Bank assistance to the transition, focusing particularly on five topics: 1) private sector development; 2) governance, public sector management, and institution-building; 3) the financial sector; 4) social protection; and 5) energy. Overall Bank assistance has been successful, but there were mistakes before the true nature of transition was fully understood. The Bank internalized the emerging lessons and shifted its emphasis accordingly. This study highlights the importance of lending at prudent levels until a solid knowledge base is established, with convincing evidence of government and societal ownership of the assistance program. It contends that analysis of governance and poverty monitoring should be early features of the assistance program, active programs of stakeholder inclusion should be widely replicated, and country assistance strategies used to bolster reform capacity.
Download or read book Banking Reform Risk taking and Earnings Quality written by Yiwei Fang and published by . This book was released on 2014 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Decade of Transition written by Mr.Oleh Havrylyshyn and published by International Monetary Fund. This book was released on 2001-04-27 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: To identify the lessons from the experience of 25 non-Asian transition countries, the IMF held a conference, "A Decade of Transition: Achievements and Challenges," on February 13, 1999, in Washington, D.C. The conference brought together senior government officials, staff from the European Bank for Reconstruction and Development, the IMF, the World Bank, and academics to answer three questions: How far has the transition progressed in different countries? What factors explain the differences in progress and in economic performance? And what remains to be done? The contributions in this volume cover a broad range of issues relevant to transition: financial stabilization, growth recovery, privatization, banking reform, income inequality, and the changing role of government. Transition countries have made substantial progress in financial stabilization, but progress with structural reforms and institutional development has been distinctly greater in Central Europe and the Baltics than in countries farther to the east. Second, although financial stabilization is essential for renewed economic growth, it is not enough: structural reforms and the development of market institutions must also be sufficiently advanced. Third, while in the next phase of transition the consolidation of stabilization will need to continue, the emphasis will need to shift to several other tasks: carrying through theunfinished structural agenda (especially in lagging countries), accelerating institutional development, addressing egregious cases of income inequality, and dealing firmly with corruption and the growth of vested interests.
Download or read book The Economics of Financial Reform in Developing Countries written by Wilbert O. Bascom and published by Springer. This book was released on 2016-07-27 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries' financial sector has been affected by a troubled macroeconomic environment and repressive policies. To improve their financial sector performance, some governments have responded with financial reform policies which have succeeded in only a few but failed in several countries. This book identifies the challenges and solutions for policymakers and financial managers in countries implementing financial reform policies. It analyzes the anatomy of success and failure of reform and argues for sound financial regulation and supervision in these countries.
Download or read book Financial Reform in Central and Eastern Europe written by A. W. Mullineux and published by Nova Publishers. This book was released on 1996 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
