By Adalbert Winkler

At the start of the transition technique, the international locations of principal and jap Europe confronted the duty of constructing a functioning economic system the place none had existed sooner than. A decade later, high-level practitioners and famous specialists take inventory of banking and financial coverage within the quarter, centring on: the governance of banks; the unfold of economic predicament; and, views for financial coverage and banking zone development.

Show description

Read Online or Download Banking and Monetary Policy in Eastern Europe: The First Ten Years PDF

Best money & monetary policy books

Developing Government Bond Markets: A Handbook

This instruction manual offers an summary of the most important coverage concerns for developing a central authority securities industry. It additionally deals a close description of the coverage concerns, together with concerns for implementation. This instruction manual covers such subject matters because the linkages with funds markets and fiscal coverage operations, regulations had to boost an issuing procedure, debt-management issues to construct credibility, and the reforms essential to advertise institutional funding.

A Program For Monetary Stability

Booklet via Friedman, Milton

Marx on money

The republication of Suzanne de Brunhoff’s vintage research into Karl Marx’s notion of “the funds commodity” shines mild on commodities and their fetishism. The research of cash because the crystallization of worth in its fabric feel is important to how we comprehend capitalism and the way it may be abolished.

The Social Origins of Human Rights: Protesting Political Violence in Colombia’s Oil Capital, 1919–2010

Human rights activism is frequently linked to overseas companies that try and have an effect on the habit of abusive states world wide. In Barrancabermeja, Colombia, argues Luis van Isschot within the Social foundation of Human Rights, the fight for rights has emerged extra organically and in the community, out of a protracted background of civil and social organizing.

Additional resources for Banking and Monetary Policy in Eastern Europe: The First Ten Years

Sample text

The Bulgarian government has made wise decisions on timing and sequencing and has thus been able to build up momentum and gradually change the perception of the outside world regarding the prospects of the Bulgarian economy. The easiest target, Postbank, a newly established and hence relatively unspoiled small SOB, plus a spin-off of the large foreign trade monopoly, the United Bulgarian Bank (UBB) went off the hook first, followed by two somewhat larger, regionally important and but still more easily restructured SOBs (Expressbank and Hebrosbank).

Unfortunately, in terms of implementing efficient public policies and micro reforms, there is no one single bright spot on the horizon of Ukraine in the short and medium term. If there are countries and cultures where the vast majority of the population has lost its trust almost entirely in public institutions and domestic financial firms, they are Russia and Ukraine – and without doubt, most other countries of the CIS. To change this still deteriorating trend will require heroic efforts and a sea change in behaviour on the part of the respective governments and the ruling oligarchies.

Fiscal constraints and strong vested interests in maintaining generous pension privileges – especially in Croatia – will make any effort to provide a strong boost to contractual savings highly unlikely in the foreseeable future. Conversely, government bond markets have a better chance of expanding quickly due to the sizeable fiscal deficits and debt in both countries. It is an interesting feature of the institutional arrangement in both countries that the respective central banks play a crucial role not only in overall banking regulation but also in supervision and oversight.

Download PDF sample

Rated 4.37 of 5 – based on 28 votes