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Recapitalisations des banques et aléa moral en Hongrie et en Pologne

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  • Jérôme Sgard

    (Centre de recherches internationales)

Abstract

Cet article analyse les programmes hongrois et polonais de recapitalisation bancaire mis en œuvre depuis 1992 et les réintègre dans le processus plus long de restructuration des systèmes financiers. On montre notamment comment ils ont eu des effets nettement opposés en raison principalement de dispositifs divergents de contraintes et d'incitations micro-économiques. Il apparaît, en particulier, que le risque d'aléa moral est renforcé, dans le contexte de la transition, par la situation de capture des banques par les grandes entreprises, et plus généralement par la résistance de nombreux agents au renforcement des contraintes concurrentielles et financières.

Suggested Citation

  • Jérôme Sgard, 1995. "Recapitalisations des banques et aléa moral en Hongrie et en Pologne," Sciences Po publications info:hdl:2441/8101, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/8101
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    References listed on IDEAS

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    More about this item

    Keywords

    Restructuration des systèmes financiers; Déficits budgétaires; Evolution des banques commerciales; Recapitalisation bancaire;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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