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The Role of Banks in Transition Economies

In: Economies In Transition Conception, Status and Prospects

Author

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  • Lawrence Goldberg

    (University of Miami, USA)

  • Lawrence White

    (New York University, USA)

Abstract

The following sections are included:IntroductionRecent Experience in Eastern EuropeThe Asymmetric Information Paradigm and Its Implications for the Patterns of FinanceThe Inherent Asymmetric Information Problem of FinanceImplications for the Structure of FinanceThe U.S. ExperienceThe Potential Drawbacks of Relying on BanksThe Dangers of Inadequate Prudential (Safety and Soundness) RegulationBanks as an Instrument for Government-Directed Credit AllocationA Summing UpConclusionNotesReferences

Suggested Citation

  • Lawrence Goldberg & Lawrence White, 2002. "The Role of Banks in Transition Economies," World Scientific Book Chapters, in: Allan Young & Ivan Teodorovic & Peter Koveos (ed.), Economies In Transition Conception, Status and Prospects, chapter 15, pages 251-273, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812777942_0015
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    Cited by:

    1. Tse, Yiuman & Wu, Chunchi & Young, Allan, 2003. "Asymmetric information transmission between a transition economy and the U.S. market: evidence from the Warsaw Stock Exchange," Global Finance Journal, Elsevier, vol. 14(3), pages 319-332, December.

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