Bank Reform in Greece with reference to Eastern Europe. The Case of the Hellenic Industrial Development Bank S.A
AbstractIs Greece a reforming economy? The purpose of this paper is to present the evolution and structure of the banking sector in Greece, with reference to the parallel experiences of the Eastern European (EE) countries. In Section 2, we are concerned with the domestic economic environment within which the Greek Banking System (GBS) operates. and the pressures building up within the system encouraging reform. In Section 3, we look into the evolution of the Greek Banking System, both in terms of structures and in terms of policy. Changes in the instruments of monetary policy are also considered in this section. In Section 4, we present the case of the Hellenic Industrial Development Bank, currently undergoing a thorough restructuring plan. In Section 5, we examine some of the main similarities and differences between Greece and the EE countries in relation to banking sector problems and reforms.
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Bibliographic InfoPaper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 9811.
Date of creation: 1998
Date of revision:
Greece; banking reform; bad debt; restructuring.;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- P59 - Economic Systems - - Comparative Economic Systems - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-11-30 (All new papers)
- NEP-FMK-1998-11-30 (Financial Markets)
- NEP-IFN-1998-11-30 (International Finance)
- NEP-MON-1998-11-30 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Bonin & Mark E. Schaffer, 1999.
"Revisiting Hungary's Bankruptcy Episode,"
CERT Discussion Papers
9906, Centre for Economic Reform and Transformation, Heriot Watt University.
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- Schaffer, Mark E., 1998. "Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 80-103, March.
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