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Dealing with financial fragility in transition economies

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  • Bonin, John
  • Wachtel, Paul

Abstract

We examine the efforts of transition economies to deal with financial fragility and resolve banking cries We characterize the birthing process of banking in transition and the three essential features of banking crises in transition economies: (i) bad loans and the relationship to state owned industries, (ii) development of institutional infrastructure and (iii) credible commitments to resolution and privatization.We then discuss the experiences of seven important transition countries in order to identify the salient features of their efforts to resolve banking crises.

Suggested Citation

  • Bonin, John & Wachtel, Paul, 2004. "Dealing with financial fragility in transition economies," BOFIT Discussion Papers 22/2004, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitp:bdp2004_022
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    References listed on IDEAS

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    1. Ms. Edda Zoli, 2001. "Cost and Effectiveness of Banking Sector Restructuring in Transition Economies," IMF Working Papers 2001/157, International Monetary Fund.
    2. Bonin, John P. & Huang, Yiping, 2001. "Dealing with the bad loans of the Chinese banks," Journal of Asian Economics, Elsevier, vol. 12(2), pages 197-214.
    3. Bonin, John P., 2004. "Banking in the Balkans: the structure of banking sectors in Southeast Europe," Economic Systems, Elsevier, vol. 28(2), pages 141-153, June.
    4. Heinrich, Ralph P. & Buch, Claudia M., 1999. "Handling Banking Crises - The Case of Russia," Kiel Working Papers 920, Kiel Institute for the World Economy (IfW Kiel).
    5. Tang, Helena & Zoli, Edda & Klytchnikova, Irina, 2000. "Banking crises in transition economies : fiscal costs and related issues," Policy Research Working Paper Series 2484, The World Bank.
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