Banking Reform in Central Europe and the Former Soviet Union

Jacket Description/Back: The book assesses the lessons which can be drawn from reforms in Central Europe for the later reformers in the former Soviet Union and the Balkans. It considers the impact of banking reform on macroeconomic stabilization and the suitability of German-type universal banks; the role of banking regulation and the advantages of 'narrow banks' during transition; the cleaning-up of bad debts; bank privatization and reform of the payments system. Five chapters follow which review the experience of some of the 'second-wave' countries: Estonia, Georgia, Romania, Russia and Ukraine. Marc Notes: Includes bibliographical references and index. Publisher Marketing: This study analyzes the main requirements placed on Central and Eastern Europe's financial systems during their transition to a market economy. It assesses the financial reforms already carried out in the countries of Central Europe, their adaptations of Western institutional models, and the lessons to be drawn from their experiences for the second wave reformers in the former Soviet Union and the Balkans.

Contributor Bio:  Rostowski, Jacek Jacek Rostowski is Professor of Economics and Head of the Economics Department at the Central European University, Budapest. He was Economic Adviser to the Polish Government during 1989-91, and has also advised the authorities in Russia, Latvia and Ukraine.