Designing financial systems in transition economies : strategies for reform in Central and Eastern Europe / edited by Anna Meyendorff and Anjan Thakor. [electronic resource]

Format:

Book

Author/Creator:

Meyendorff, Anna, Author.

Contributor:

Meyendorff, Anna.

Thakor, Anjan V.

Language:

English

Subjects (All):

Finance--Europe, Eastern.

Finance.

Europe, Eastern--Economic policy--1989-.

Europe, Eastern.

Finance--Europe, Central.

Europe, Central--Economic policy.

Europe, Central.

Physical Description:

1 online resource (viii, 311 p. ) ill. ;

Place of Publication:

Cambridge, Mass. : MIT Press, c2002.

Language Note:

English

Summary:

"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."--Jacket.

Contents:

1. Introduction: Financial Systems in Transition / Anna Meyendorff and Anjan Thakor

2. Banks' Bad Debts: Policies, Creditor Passivity, and Soft Budget Constraints / Janet Mitchell

3. On the Design of Bank Bailout Policy in Transition Economies / Philippe Aghion, Patrick Bolton and Steven Fries

4. Revisiting Hungary's Bankruptcy Episode / John Bonin and Mark E. Schaffer

5. Tax Avoidance and the Allocation of Credit / Anna Meyendorff

6. Franchise Value and the Dynamics of Financial Liberation / Thomas Hellmann, Kevin Murdock and Joseph Stiglitz

7. Bank Liquidity Provision and Capitol Regulation in Transition Economies / Gary Gorton and Andrew Winton

8. Financial System Reform in Emerging Economies: The Case of Romania / Anna Meyendorff and Anjan Thakor

9. Should Banks Have the Power to Enter All Financial Businesses? / Raghuram G. Rajan

10. Effects of Ownership by Investment Funds on the Performance of Czech Firms / Andrew Weiss and Georgiy Nikitin

11. Financial Conditions and Investment during the Transition: Evidence from Czech Firms / Lubomir Lizal and Jan Svejnar

12. Conglomeration in Banking: Incentives and Market Discipline / Arnoud Boot and Anjolein Schmeits

13. Financial Reallocation in Russian Groups / Enrico C. Perotti and Stanislav Gelfer.

Notes:

Includes bibliographical references and index.

Bibliographic Level Mode of Issuance: Monograph

ISBN:

0-262-27974-6

0-585-44524-9