Financial turbulence and capital markets in transition countries / edited by Jens Hölscher.

Format:

Book

Contributor:

Hölscher, Jens.

Series:

Studies in economic transition

Language:

English

Subjects (All):

Capital market--Europe, Eastern.

Capital market.

Financial crises--Europe, Eastern.

Financial crises.

Europe, Eastern--Economic conditions--1989-.

Europe, Eastern.

Eastern Europe.

Economic conditions.

Physical Description:

xx, 197 pages : illustrations ; 23 cm.

Place of Publication:

New York : St. Martin's Press, 2000.

Summary:

Global financial turbulences severely affected those countries in transition from a planned to a market economy. Policy responses of Russia, Poland, the Czech Republic and Hungary are reviewed by international country specialists. Each country analysis is critically discussed.

Contents:

1 The Return of the Habsburgs

Reflections on the Role of Institutions in Transition Economies / Horst Tomann 3

2 'Anglo-Saxon' or 'Rhenish' Financial Markets for Central-East Europe? / Stephan Herten, Jens Holscher 13

II Russia 25

3 August '98 as a Turning Point of Russian Reforms / Vladislav Semenkov 27

4 What Happened to Russia? Comments on Vladislav Semenkov / Thomas Linne 39

5 Comment on Vladislav Semenkov / Adalbert Winkler 43

III Poland 51

6 Poland and International Financial Turbulences of the Second Half of the 1990s / Zbigniew Polanski 53

7 Immune to Contagion or Favourable Events? Comment on Zbigniew Polanski / Alexander Karmann 76

IV Czech Republic 81

8 Privatization and Transparency: Evidence from the Czech Republic / Frantisek Turnovec 83

9 Privatization, Ownership Structure and Transparency: Comment on Frantisek Turnovec / Claudia M. Buch 102

10 Comment on Frantisek Turnovec / Bruno Schonfelder 109

11 The Assessment of the Costs and Benefits of the Small and Medium Commercial Banks within the Czech Banking Sector

Supplementary Chapter to Frantisek Turnovec / Roman Matousek, Anita Taci 118

V Hungary 139

12 Turbulences and Emergency Landings in Leased Planes: Macroeconomic Stabilization and Financial Sector Reform in Hungary in the 1990s / Adam Torok 141

13 Comment on Torok / Johannes Stephan 163

14 Comment on Torok / Uwe Vollmer 172

VI Resumee 177

15 Financial Markets in Transition Countries: Problems and Aspirations / Stephen F. Frowen 179

16 Real Income Risk and Hedging in Transition Economies: A Note on Stephen F. Frowen / Harald L. Battermann, Udo Broll 186.

Notes:

Includes bibliographical references and index.

ISBN:

0312235313

OCLC:

44026105