Banking sectors in Baltic countries
Korhonen, Iikka (26.04.1996)
Numero
3/1996Julkaisija
Suomen PankkiBank of Finland
1996
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408113018Tiivistelmä
This study examines development of the banking sectors in Estonia, Latvia, and Lithuania from 1990 onwards.While institutional and legislative developments are discussed, the main emphasis is on the development of services provided by banks. The role of banks as intermediators of capital and as providers of a system of payments is generally seen as extremely important in achieving efficiency in market economies.Related to this view are the questions of how an economy in transition evolves successfully into a market economy as well as what effects the structure and performance of the banking sector have on the transition process.The Baltic cases provide a number of valuable insights in this regard. Banks in Baltic countries have developed fairly quickly and all have encountered a banking crisis of some magnitude.At the moment, Baltic banks can be said to fulfill at least part of their role as intermediators of capital.Also payment systems are now fairly well developed.However, it is fairly clear that the evolution of these banking sectors have a long way to go. Further reduction in the number of banks seems likely as most banks are still small, capital requirements have been raised, supervision is becoming tighter and competition among banks is increasing. Key words Banking, Baltic countries, banking supervision
Julkaisuhuomautus
Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)Reprint in PDF format 2002 (Unit for Eastern European Economies series)