Opportunities and Risks in Central European Finances
World Bank Publications, Jan 1, 2000 - Business & Economics - 368 pages
The recent emerging market crises in Asia and other regions suggests that while international capital inflows can make recipient economies stronger, they can potentially also increase the vulnerability of these economies to financial market crises. Two of the most notable sources of vulnerability are the quality of domestic financial intermediation and the speculative nature of some investment flows. 'Opportunities and Risks in Central European Finances' examines the nature of capital flows in the region, seeking to explain its dynamics, and potential sources of vulnerability. The book also appraises some potential costs that could be associated with a financial crisis. Finally, it presents views on how to manage these risks more effectively.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accession countries acquis administrative assets Bank of Finland bank's banking crisis banking sector Banking Supervision banking system budget capital flows capital markets capital movements CE5 countries CEECs central bank Commission contingent liabilities Council Directive crises Czech Republic debt deposit developing countries domestic effects Estonia euro European exchange rate factors financial institutions financial markets financial sector Financial Services Authority financial system Finnish special edition firms fiscal risks fixed exchange rate framework funds growth guarantee hidden deficits Hungary IFSSA implementation increased inflows integrated agency interest rates investment issues Kredittilsynet Latvia liberalization loans macroeconomic ment Ministry of Finance monetary policy official flows Official Journal operations percent Poland private capital flows problems prudential put option ratio reform regulation responsible role Romania Scandinavian securities short-term significant Slovenia stability structure Swedish special edition tion transition economies Volume vulnerability World Bank
Page 337 - December 1977 on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions, OJ, 1322, p.
Page 279 - Membership requires that the candidate country has achieved stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities, the existence of a functioning market economy as well as the capacity to cope with competitive pressure and market forces within the Union.
Page 333 - June 1992 on the co-ordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance and amending Directives 73/239/EEC and 88/357/EEC (Third Non-life Insurance Directive) (OJ L 228, 1 1.8.1992, p.
Page 122 - An option contract gives the holder the right but not the obligation to buy (call option) or to sell (put option) an asset at a predetermined future time and price. This predetermined price is known as the strike price and the predetermined date is known as the expiration or maturity date. At the time of purchase, the buyer of an option contract pays an option price to the option writer.
Page 340 - March 1980 coordinating the requirements for the drawing up, scrutiny and distribution of the listing particulars to be published for the admission of securities to official stock exchange listing Regular Reporting.
Page 335 - November 1990 on the coordination of laws, regulations and administrative provisions relating to direct life assurance...
Page 334 - April 1972 on the approximation of the laws of the Member States relating to insurance against civil liability in respect of the use of motor vehicles and to the enforcement of the obligation to insure against such liability; Official Journal L 103, 02/05/1972 PP.
Page 279 - ... stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities • the existence of a functioning market economy, as well as the capacity to cope with competitive pressure and market forces within the Union • the ability to take on the obligations of membership, including adherence to the aims of political, economic and monetary union.