Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe - Rilegato

 
9780262133913: Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe
Rilegato
ISBN 10: 0262133911 ISBN 13: 9780262133913
Casa editrice: Mit Pr, 2002

Sinossi

Essays on the design of financial systems for countries in transition to a market-based economy.

This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.Two broad themes emerge. The first is the critical relationship between reforms in the financial sector and in the real economy. Lending policies, which have a significant impact on business performance, need to discourage bad firm performance without prematurely liquidating potentially profitable enterprises. Conversely, the quality of firms influences the financial sector. If banks cannot find good credit risks, they cannot improve the quality of their portfolios. Until a critical mass of viable firms is built, equity markets will not develop sufficiently. The second theme is that the lack of fully developed markets and institutions may distort the policy outcomes predicted under models based on fully developed economies. Reliance on these models may therefore be inappropriate for transition economies.

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Informazioni sull?autore

Anna Meyendorff is Research Director for Finance at the William Davidson Institute at the University of Michigan Business School.

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Editore
Mit Pr
Data di pubblicazione
2002
Lingua
Inglese
ISBN 10 
0262133911
ISBN 13 
9780262133913
Rilegatura
Copertina rigida
Numero di pagine
311
Redattore
Meyendorff Anna, Thakor Anjan V.
Contatto del produttore
non disponibile
Persona responsabile
non disponibile

Altre edizioni note dello stesso titolo

9780262536899: Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe

Edizione in evidenza

ISBN 10:  0262536897 ISBN 13:  9780262536899
Casa editrice: MIT Press, 2002
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