Dealing with financial fragility in transition economies
Bonin, John; Wachtel, Paul (30.12.2004)
Numero
22/2004Julkaisija
Bank of Finland
2004
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408071964Tiivistelmä
We examine the efforts of transition economies to deal with financial fragility and resolve banking cries We characterize the birthing process of banking in transition and the three essential features of banking crises in transition economies: (i) bad loans and the relationship to state owned industries, (ii) development of institutional infrastructure and (iii) credible commitments to resolution and privatization.We then discuss the experiences of seven important transition countries in order to identify the salient features of their efforts to resolve banking crises.
Julkaisuhuomautus
Published in Systemic Financial Crises: Resolving Large Bank Insolvencies, D. Evanoff, G. Kaufman, eds., World Publishing, 2005 and Leonard S. Stern School of Business, New York University, Working paper EC-04-31.