An institutional approach to banking reform in Eastern Europe
This paper applies the arguments of institutional economics to the issue of banking system reform. Institutional reforms are of particular importance in the financial sphere because banking operations were heavily restricted under central planning and, at the same time, banks are assigned a crucial role in the restructuring of the economies and the establishment of effective corporate control. A universal banking system provides the institutional framework which suits the requirements of Eastern Europe best because it opens a wide avenue of contract designs. Hazards of universal banking can be reduced by imposing regulatory requirements. This paper relates the theoretical findings of institutional economics to the progress made with reforms in the banking systems.
|Date of creation:||1993|
|Date of revision:|
|Contact details of provider:|| Postal: Kiellinie 66, D-24105 Kiel|
Phone: +49 431 8814-1
Fax: +49 431 85853
Web page: http://www.ifw-kiel.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- van Wijnbergen, Sweder, 1992.
"Enterprise Reform in Eastern Europe,"
CEPR Discussion Papers
738, C.E.P.R. Discussion Papers.
- Michael H. Riordan, 1992. "Competition and Bank Performance: A Theoretical Perspective," Papers 0026, Boston University - Industry Studies Programme.
- David Begg & Richard Portes, 1993.
"Enterprise debt and economic transformation (Financial restructuring of the state sector in Central and Eastern Europe),"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 1(1), pages 116-117, 01.
- Begg, David & Portes, Richard, 1992. "Enterprise Debt and Economic Transformation: Financial Restructuring of the State Sector in Central and Eastern Europe," CEPR Discussion Papers 695, C.E.P.R. Discussion Papers.
- Sharpe, Steven A, 1990.
" Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships,"
Journal of Finance,
American Finance Association, vol. 45(4), pages 1069-87, September.
- Steven A. Sharpe, 1989. "Asymmetric information, bank lending, and implicit contracts: a stylized model of customer relationships," Finance and Economics Discussion Series 70, Board of Governors of the Federal Reserve System (U.S.).
- Edwards,Jeremy & Fischer,Klaus, 1996. "Banks, Finance and Investment in Germany," Cambridge Books, Cambridge University Press, number 9780521566087, November.
- Edwards, Jeremy, 1991. "Banks, Finance and Investment in West Germany since 1970," CEPR Discussion Papers 497, C.E.P.R. Discussion Papers.
- Carlin, Wendy & Mayer, Colin, 1992. "Restructuring Enterprises in Eastern Europe," CEPR Discussion Papers 700, C.E.P.R. Discussion Papers.
- Guillermo A. Calvo & Jacob A. Frenkel, 1991. "Credit Markets, Credibility, and Economic Transformation," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 139-148, Fall.
- Joseph E. Stiglitz, 1991. "Government, Financial Markets, and Economic Development," NBER Working Papers 3669, National Bureau of Economic Research, Inc.
- Ronald I. McKinnon, 1992. "Macroeconomic control in liberalizing Socialist economies: Asian and European parallels," Pacific Basin Working Paper Series 92-05, Federal Reserve Bank of San Francisco.
- Corbett, Jennifer & Mayer, Colin, 1991.
"Financial Reform in Eastern Europe: Progress With the Wrong Model,"
CEPR Discussion Papers
603, C.E.P.R. Discussion Papers.
- Corbett, Jenny & Mayer, Colin, 1991. "Financial Reform in Eastern Europe: Progress with the Wrong Model," Oxford Review of Economic Policy, Oxford University Press, vol. 7(4), pages 57-75, Winter.
- Alexander, Ian & Mayer, Colin, 1990. "Banks and Securities Markets: Corporate Financing in Germany and the UK," CEPR Discussion Papers 433, C.E.P.R. Discussion Papers.
- Mayer, Colin & Alexander, Ian, 1990. "Banks and securities markets: Corporate financing in Germany and the United Kingdom," Journal of the Japanese and International Economies, Elsevier, vol. 4(4), pages 450-475, December.
When requesting a correction, please mention this item's handle: RePEc:kie:kieliw:560. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dieter Stribny)
If references are entirely missing, you can add them using this form.