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Development and efficiency of the banking sector in a transitional economy: Hungarian experience

  • Hasan, Iftekhar
  • Marton, Katherin

The paper analyzes the experiences and developments of Hungarian banking sector during the transitional process from a centralized economy to a market-oriented system.The paper identifies that early reorganization initiatives, flexible approaches to privatization, and liberal policies towards foreign banks involvement with the domestic institutions helped to build a relatively strong and increasingly efficient banking system.Banks with higher foreign bank ownership involvement were associated with lower inefficiency.

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Article provided by Elsevier in its journal Journal of Banking & Finance.

Volume (Year): 27 (2003)
Issue (Month): 12 (December)
Pages: 2249-2271

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Handle: RePEc:eee:jbfina:v:27:y:2003:i:12:p:2249-2271
Contact details of provider: Web page: http://www.elsevier.com/locate/jbf

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