Titolo: Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe
Editore: M.I.T. Press, Cambridge, MA
Data di pubblicazione: 2002
Lingua: Inglese
ISBN 10: 0262133911
ISBN 13: 9780262133913
Rilegatura: Hardcover
Edizione: 1st
Condizione: Near Fine
Condizione della sovraccoperta: Near Fine

Descrizione articolo

Riassunto

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.

Informazioni sull?autore

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

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Descrizione libreria

Online sellers of rare, out-of-print and used books, prints, maps and ephemera for 30 years

Visita la pagina della libreria

Informazioni sull?azienda del venditore

Dorley House Books, Inc.
155 Cumberland St., P.O. Box 138, Clear Spring, MD, 21722, U.S.A.

Condizioni di vendita e spedizione

Condizioni di vendita

Please email any questions to us. CWO. Photos/scans available on request for books, prints and maps over $15.00. All books are returnable within thirty days if returned in the same condition as sent& with good reason. We prefer checks, money orders, or Paypal. All items subject to prior sale.We are a PC, 100% owned by Sandra & Jeffrey Inskeep-Fox

Condizioni di spedizione

Domestic Media Mail is $4.85, Priority $7.3. Canadian orders add $8.00. To other locations, global priority $25 for flat rate envelopes. Orders over $45.00 must be insured at buyer's expense, others can be insured if requested and at buyer's expense. Orders usually ship within 2 business days. Shipping costs are based on books weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact you to let you know extra shipping is required. Please note that there is no longer an economy surface shipping to overseas locations.