Synopses & Reviews
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, centering on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.
About the Author
Adalbert Winkler is Head of Economics at Internationale Projekt Consult (IPC), Frankfurt am Main, and Senior Lecturer at the University of Würzburg.
Table of Contents
I: Keynote Address * Experience and Perspectives of Financial Sector Development in Central and Eastern Europe--L. Bokros *
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 *
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 AdjustmentProgrammes--G. Bell *
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