Reforming the Financial Sector in Central European Countries by S. Poloucek

By S. Poloucek

The research during this booklet displays a number of facets of economic region transformation in chosen significant eu international locations which are anticipated to affix the european in 2004. The authors are critical ecu monetary specialists who offer, between different issues, an in depth review of the next major subject matters: Banking legislation and Supervision; focus and potency of the Banking Sectors; monetary (banking) crises in chosen significant ecu international locations; and fiscal and trade price improvement. the result of the examine performed via those authors mirror a fascinating truth: that there exist very important alterations within the monetary zone improvement even within the rather homogeneous team of chosen significant ecu nations, specifically the Czech Republic, Poland, Slovakia and Hungary.

Show description

Read or Download Reforming the Financial Sector in Central European Countries (Studies in Economic Transition) PDF

Similar banks & banking books

Hypocrisy trap : the World Bank and the poverty of reform

Because the preeminent overseas improvement organization for the earlier sixty years, the realm financial institution has attracted equivalent quantities of feedback and compliment. Critics are particularly speedy to decry the area Bank's hypocrisy--the pervasive gaps among the organization's speak, judgements, and activities. within the wake of the Paul Wolfowitz management scandal in could 2006, perceptions of hypocrisy have exacted a heavy toll at the Bank's authority and fueled powerful calls for for wide-scale reform.

Behavioural Finance for Private Banking

Content material: bankruptcy 1 creation (pages 1–9): bankruptcy 2 selection conception (pages 11–66): bankruptcy three Behavioural Biases (pages 67–104): bankruptcy four threat Profiling (pages 105–134): bankruptcy five Product layout (pages 135–155): bankruptcy 6 Dynamic Asset Allocation (pages 157–185): bankruptcy 7 existence Cycle making plans (pages 187–206): bankruptcy eight based Wealth administration technique (pages 207–227): bankruptcy nine end and Outlook (pages 229–230):

Historical Dictionary of the World Bank

While it was once based again in 1944 nobody may be able to have foreseen how the area financial institution – identified extra officially because the foreign financial institution for Reconstruction and improvement (IBRD) – may flourish. at the present time, with 188 contributors, it truly is through some distance the most important lender for tasks in agriculture, future health, infrastructure and plenty of different fields in constructing nations world wide, with the cheap of billions of greenbacks and a employees of greater than 9,000, and its recommendation is generally heeded by way of either the constructing international locations which borrow from it and the complicated ones which give a contribution.

Offshore Finance and Small States: Sovereignty, Size and Money

One direction in the direction of improvement taken by means of a couple of small jurisdictions is the institution of an offshore monetary centre. this article analyses the particular fiscal contribution for numerous small Caribbean economies and the influence to persevered operation coming up from a world initiative for the trade of taxpayer details.

Extra info for Reforming the Financial Sector in Central European Countries (Studies in Economic Transition)

Example text

7 Size of financial sectors in selected developed countries (% of GDP, 2000) * 1999 Source: Authors’ calculations based on World Bank, World Development Indicators, 2001. 8 Size of financial sectors in CEC (% of GDP, 2000) Source: Authors’ calculations. 7 since it exceeds 550 per cent [126 ϩ 330 ϩ 102 per cent]). 8 in only two other countries (Slovakia and Hungary), illustrating that all the CEC, with the exception of Poland, represent the transition countries with the largest financial sector.

The banking sector is, therefore, an integral part of the monetary transmission mechanism. On the other hand, the central bank influences the banking sector through its monetary instruments. Banking regulation applies a wide variety of indicators to the prudent behaviour of banks, for example, liquidity, capital adequacy and loan classification, as well as creation of adequate revisions and restrictions on credit involvement. For example, a change (rise) in the capital adequacy of banks can lead to stagnation of asset growth, or a decline in growth, which, as a result, restricts the flow of money into the economy even in the presence of expanding monetary policy.

16 Average assets per commercial bank in CEC (USD mn, 1996–2001) Source: Authors’ calculations. The Polish banking sector differs somewhat from its Czech counterpart, not only because the Polish economy is noticeably larger, but also because there are more banks in its banking system. As data and further analysis confirm, it has a considerably lower concentration in its banking sector (see Chapter 3). In the Slovak Republic and Hungary, the indicator is much lower. Both countries demonstrate that the average 24 Reforming the Financial Sector in CEC volume of assets per commercial bank is lower than the CEC average.

Download PDF sample

Rated 4.59 of 5 – based on 42 votes