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Designing Financial Systems in Transition Economies : Strategies for Reform in Central and Eastern Europe by Anna Meyendorff; Anjan V Thakor; NetLibrary, Inc is a nonfiction available to read on EtoBox.

What is Designing Financial Systems in Transition Economies : Strategies for Reform in Central and Eastern Europe about?

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.Two broad themes emerge. The first is the critical relationship between reforms in the financial sector and in the real economy. Lending policies, which have a significant impact on business performance, need to discourage bad firm performance without prematurely liquidating potentially profitable enterprises. Conversely, the quality of firms influences the financial sector. If banks cannot find good credit risks, they cannot improve the quality of their portfolios. Until a critical mass of viable firms is b

Who reads Designing Financial Systems in Transition Economies : Strategies for Reform in Central and Eastern Europe?

Author

Anna Meyendorff; Anjan V Thakor; NetLibrary, Inc

Publisher

The MIT Press; MIT Press

Published

2002

Language

EN

ISBN

9780262279741

Category

nonfiction

Subjects

Finance, Economics, Business