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Influence of Bank Centric Financial System on Transition Country

In: European Integration Process in Western Balkan Countries

Author

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  • Mladenka Balaban

    (Institute of Economic Sciences)

Abstract

Large number of facts and data during previous decades are bringing to conclusion that level of financial system development is very important for economic growth of one national economy. Subject of this chapter is development level of financial system of transition countries, as well as its influence on economy development. All transition countries banking systems had accelerated growth of credit offer until global financial crisis. Main disorders, which are caused by first crisis wave, are in most of transition countries, especially in Serbia, manifested trough currency and credit risk increase. Goal of this chapter is to point out on all effects which bank centric system had, before and after, crisis on economy of these countries.

Suggested Citation

  • Mladenka Balaban, 2012. "Influence of Bank Centric Financial System on Transition Country," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 35, pages 691-707, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:euinpro-35
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