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The Development of a Financial Sector in Hungary

In: Economic Transition in Hungary and East Germany

Author

Listed:
  • Johannes Stephan

Abstract

In all PSEs facing the tasks of profound economic restructuring and catch-up development, the establishment of a functioning financial sector is of central importance for the emergence of a stable monetary constitution: unless the financial sector is able to offer credibility despite its inherent instabilities, and unless the institutions this sector is comprised of can fulfil their functions in the new system of economic control and governance, the most immediate obstacles to economic development cannot be removed.

Suggested Citation

  • Johannes Stephan, 1999. "The Development of a Financial Sector in Hungary," Studies in Economic Transition, in: Economic Transition in Hungary and East Germany, chapter 5, pages 105-149, Palgrave Macmillan.
  • Handle: RePEc:pal:stuchp:978-0-230-59658-0_5
    DOI: 10.1057/9780230596580_5
    as

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