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The Balkan and Baltic experience of financial services privatization

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  • Consigilio, John

Abstract

The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a long time Romania's enthusiasm for its 1998 promise to the IMF to privatize its leading banks was only a commitment on paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a positive one, based on norms and structures often comparable to those in advanced industrial economies.

Suggested Citation

  • Consigilio, John, 2014. "The Balkan and Baltic experience of financial services privatization," eabh Papers 14-09, The European Association for Banking and Financial History (EABH).
    • Handle: RePEc:zbw:eabhps:1409
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    More about this item

    Keywords

    privatization; financial; services; Romania; Estonia; EBRD; IMF;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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