Banking in transition countries
Modern banking institutions were virtually non-existent in the planned economies of central Europe and the former Soviet Union. In the early transition period, banking sectors began to develop during several years of macroeconomic decline and turbulence accompanied by repeated bank crises. However, governments in many transition countries learned from these tumultuous experiences and eventually dealt successfully with the accumulated bad loans and lack of strong bank regulation. In addition, rapid progress in bank privatization and consolidation took place in the late 1990s and early 2000s, usually with the participation of foreign banks. By 2005, the banking sectors in many transition countries had developed sufficiently to provide a wide range of services with solid bank performance. Recently, banks have switched their focus from lending to enterprises in a somewhat underdeveloped institutional environment to new collateralized lending to households, which accounts for much of the recent growth of credit in many transition countries.
|Date of creation:||27 Aug 2008|
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- Paul Wachtel & John Bonin & Iftekhar Hasan, 2004.
"Privatization Matters: Bank Efficiency in Transition Countries,"
04-06, New York University, Leonard N. Stern School of Business, Department of Economics.
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- Ongena, S. & Peydro, J.L. & van Horen, N., 2013.
"Shocks Abroad, Pain at Home? Bank-firm Level Evidence on the International Transmission of Financial Shocks,"
2013-040, Tilburg University, Center for Economic Research.
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- Paul Wachtel & Iftekhar Hasan & Mingming Zhou, 2007.
"Institutional Development, Financial Deepening and Economic Growth: Evidence from China,"
07-17, New York University, Leonard N. Stern School of Business, Department of Economics.
- Bonin, John P. & Hasan, Iftekhar & Wachtel, Paul, 2005.
"Bank performance, efficiency and ownership in transition countries,"
Journal of Banking & Finance,
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- Haselmann, Rainer, 2006. "Strategies of foreign banks in transition economies," Emerging Markets Review, Elsevier, vol. 7(4), pages 283-299, December.
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