Building Sound Finance in Emerging Market Economies: Proceedings of a Conference Held in Washington, D.C., June 10-11, 1993
International Monetary Fund, Jun 15, 1994 - Business & Economics - 358 pages
The 12 papers in this book, edited by Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, explore issues in building a financial structure suitable for economies in transition. They cover for main topics: the problem of old and new debts; the development of a sound and efficient payment system; the establishment of an appropriate financial structure; and the importance of credit in the development of the the real economy.
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Dealing with Bad DebtsThe Case of Poland
Financial Underdevelopment and Macroeconomic
Payment System Reform in Formerly Centrally
The Russian Payment System
The Role of Financial Institutions in the Transition to
Revising Financial Sector Policy in Transitional
CommentGeorge G Kaufman
Credit Market Imperfections and Output Response
List of Participants
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activities allocation assets bad loans bank credit Bank of Russia banking sector banking system bankruptcy borrowers Budapest Stock Exchange capital markets cash central bank centrally planned economies commercial banks constraints corporate cost countries credit markets Czechoslovakia debt deposits Eastern Europe economies in transition effective efficient emerging market economies ensure enterprises equity Fedwire financial institutions financial markets financial sector financial system firms fiscal foreign former Czechoslovakia formerly centrally planned Hungary important incentive increase industry inflation initial interbank payment interenterprise arrears interest rates International Monetary Fund international standard banks Interstate Bank investment funds investors lending limited liquidity market economies ment monetary policy moral hazard nonbank nonstate operations output ownership paper participants payment system percent Poland portfolio problem recapitalization reform restructuring role Romania securities settlement shareholders shares SOEs state-owned Stock Exchange structure supervision tion trading transactions transfer underdeveloped universal banking World Bank