Financial Reform in Eastern Europe: Progress with the Wrong Model
AbstractEastern Europe is engaged in a massive program of financial reform. This paper argues that while this program has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the association of privatization with financial sector reform. The paper suggests that there is a choice between finanical systems that has not as yet been adequately considered and that it is far from evident that Eastern Europe is at present proceeding with the right model. Copyright 1991 by Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 7 (1991)
Issue (Month): 4 (Winter)
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Web page: http://oxrep.oupjournals.org/
Other versions of this item:
- Corbett, Jennifer & Mayer, Colin, 1991. "Financial Reform in Eastern Europe: Progress With the Wrong Model," CEPR Discussion Papers 603, C.E.P.R. Discussion Papers.
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- P34 - Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
- P59 - Economic Systems - - Comparative Economic Systems - - - Other
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