Economic Performance and Financial Sector Reform in Central and Eastern Europe: Capital Flows, Bank and Enterprise Restructuring
A. W. Mullineux, Christopher J. Green
Edward Elgar Publ., 1999 - Business & Economics - 320 pages
This book critically examines the progress made on macroeconomic stabilization and financial sector reform in the transition economies of Central and Eastern Europe. It relates microeconomic experiences to the broader macroeconomic context of reform, and emphasises that macro reform is underpinned by micro and institutional reform, especially in the financial sphere.Key features include:* bank and enterprise restructuring and the progress towards the resolution of banking and bad debt problems * implications of bank and enterprise restructuring for corporate governance and company performance* an evaluation of bank-enterprise relationships* exchange rates and capital flows, with an analysis of the capital inflow problem and the performance of fixed exchange rate regimes in the post-stabilization phase of the transition* detailed surveys of individual firm and bank behaviour and performance during the reform process. The book will be welcomed by scholars and practitioners interested in monetary and financial economics, the economics of transition and comparative economic systems.
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Enterprise restructuring and changes in the business environment
Financial contracts and relations in the small and mediumsized
Financing small and mediumsized enterprises in Poland 1989
12 other sections not shown
analysis average banking industry banking sector banking system BCAs borrowing capital flight capital flows cent Central and Eastern central bank chapter coefficients collateral commercial banks competition concentration convertibility costs countries credibility curb-market currency Czech National Bank Czech Republic debt Eastern Europe effects enterprises entry equation equity estimated Estonia European exchange rate regime exports factors fixed exchange rate foreign assets funds growth Hungary impact important increase inflation inflows institutions interest rate investment issues lending rates liberalization loans macroeconomic market structure measure monetary policy Mullineux Murinde number of firms official percentage performance period Poland policy credibility Polish portfolio private sector problems profitability programme ratio real exchange rate regulation relationship relatively reserves restrictions restructuring risk Romania sample simulation SME sector stability state-owned studies sunk costs survey Table tion trade transition economies uncertainty variables World Bank zloty