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Financial Transition in Europe and Central Asia : Challenges of the New Decade

Author

Listed:
  • Lajos Bokros
  • Alexander Fleming
  • Cari Votava

Abstract

The financial sectors of the post-communist economies of Europe and Central Asia are perhaps where the most intractable problems existed and where the most difficult reforms were forced to begin. This report examines the factors that influenced, and will influence, the adaptation of ECA's financial systems, starting from an examination of how the global financial system--especially the Western European component--has evolved, and how these developments have both influenced and challenged different types of transition economies. The report also provides an opportunity to take stock of progress in the financial systems of ECA countries over the past 10 years and to identify the main challenges confronting financial policymakers during this period.

Suggested Citation

  • Lajos Bokros & Alexander Fleming & Cari Votava, 2001. "Financial Transition in Europe and Central Asia : Challenges of the New Decade," World Bank Publications - Books, The World Bank Group, number 14012, December.
    • Handle: RePEc:wbk:wbpubs:14012
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    Citations

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    Cited by:

    1. Bussolo, Maurizio & Schotte, Simone & Matytsin, Mikhail, 2017. "Accounting for the bias against the life-cycle hypothesis in survey data: An example for Russia," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 185-207.
    2. Muhammad Arshad Khan & Sajawal Khan, 2007. "Financial Sector Restructuring in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(Special E), pages 98-125, September.
    3. Kobil Ruziev & Toshtemir Majidov, 2013. "Differing Effects of the Global Financial Crisis on the Central Asian Countries: Kazakhstan, the Kyrgyz Republic and Uzbekistan," Europe-Asia Studies, Taylor & Francis Journals, vol. 65(4), pages 682-716.
    4. Bussolo,Maurizio & Simone,Schotte & Matytsin,Mikhail, 2015. "Population aging and households? saving in the Russian Federation," Policy Research Working Paper Series 7443, The World Bank.
    5. Inna Golodniuk, 2005. "Financial Systems and Financial Reforms in CIS Countries," CASE Network Studies and Analyses 0306, CASE-Center for Social and Economic Research.

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