Financial Sector Reform And Banking Crises In The Baltic Countries
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Financial Sector Reform And Banking Crises In The Baltic Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1996-12-01
Financial Sector Reform And Banking Crises In The Baltic Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-12-01 with Business & Economics categories.
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector.
Financial Sector Reform And Banking Crises In The Baltic Countries
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Author : Marta de Castello Branco
language : en
Publisher:
Release Date : 1996
Financial Sector Reform And Banking Crises In The Baltic Countries written by Marta de Castello Branco and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banking law categories.
Financial Sector Reform And Banking Crises In The Baltic Countries
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Author : Marta de Castello Branco
language : en
Publisher:
Release Date : 2006
Financial Sector Reform And Banking Crises In The Baltic Countries written by Marta de Castello Branco and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector.
The Baltics Banking Crises Observed
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Author : Alexander Fleming
language : en
Publisher: World Bank Publications
Release Date : 1996
The Baltics Banking Crises Observed written by Alexander Fleming and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banks and banking categories.
Capital Markets And Financial Intermediation In The Baltics
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Author : Niamh Sheridan
language : en
Publisher: International Monetary Fund
Release Date : 2004-01-14
Capital Markets And Financial Intermediation In The Baltics written by Niamh Sheridan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-14 with Business & Economics categories.
In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the financial systems of the three countries and discusses some of their unique characteristics. The study also examines current distortions of the systems and discusses whether or not the Baltics should move from an almost exclusively bank-based system to one that relies more on capital markets. In the process, it addresses issues of corporate governance and regional integration.
The Baltic Countries
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Author : Mr.Julian Berengaut
language : en
Publisher: International Monetary Fund
Release Date : 1998-11-25
The Baltic Countries written by Mr.Julian Berengaut and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-11-25 with Business & Economics categories.
Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implications for policy are provided in this collection of analyses. Rather than a country-by-country description, the volume provides a cross-country perspective of developments from 1994 through mid-1997. The seven sections of this paper discuss recent macroeconomic and structural policies, exchange rate regimes, fiscal issues, financial systems, private sector development, and accession to the European Union.
Global Banking Crises And Emerging Markets
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Author : Josef C. Brada
language : en
Publisher: Springer
Release Date : 2015-11-23
Global Banking Crises And Emerging Markets written by Josef C. Brada and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-23 with Business & Economics categories.
This timely reader of seminal papers published by Palgrave on behalf of Comparative Economic Studies, examines how and why foreign banks enter emerging markets and the positive benefits they bring to the host countries.
Financial Markets In Central And Eastern Europe
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Author : Morten Balling
language : en
Publisher: Routledge
Release Date : 2004-08-02
Financial Markets In Central And Eastern Europe written by Morten Balling and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-02 with Business & Economics categories.
This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
The Latvian Banking Crisis
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Author : Alexander Fleming
language : en
Publisher: World Bank Publications
Release Date : 1996
The Latvian Banking Crisis written by Alexander Fleming and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Banks and banking categories.
The Latvian Banking Crisis
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Author : Alex Fleming
language : en
Publisher:
Release Date : 2016
The Latvian Banking Crisis written by Alex Fleming and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Lessons from Latvia's banking crisis can be applied in other transition economies.In the spring of 1995, Latvia experienced the largest banking crisis in the former Soviet Union to date, involving the loss of about 40 percent of the banking system's assets and liabilities. Fleming and Talley outline the Latvian authorities' strategy for developing the banking system and identify how and why it unraveled. They discuss the World Bank's role and the lessons to be learned from the crisis, including the following:Banking systems are exposed to stress in several major ways. Enterprises - the main borrowers - become subject to hard budget constraints (are cut off from government funds) and are privatized. Inflation declines so enterprises can't rely on rapidly increasing revenues to service bank debts. Economic reform tends to produce banking systems that are mainly privately owned - making them vulnerable to withdrawals, as the public does not assume that failing banks will be bailed out.The government must protect against this vulnerability by establishing a proper legal framework for banking, developing effective bank supervision and regulation, and implementing solid accounting, disclosure, and auditing standards. It must also develop effective ways to handle problem banks and to close insolvent banks promptly.For banks in the state sector to be a source of strength to the banking system, they must have strong effective management and be relatively free from political influence.Outlier banks - those expanding assets very quickly or offering particularly high deposit rates - should be subject to intense supervision.Four things must be done to prevent fraud, incompetent management, and excessive risk-taking: Carefully screen those who want to get into banking; subject all banks to thorough, frequent onsite examinations and assign the best examiners to the largest banks; require annual audits of all banks by reputable auditing firms required to report significant irregularities to authorities; and act decisively when fraud or bank difficulties are detected or suspected.This paper - a product of the Enterprise and Financial Sector Development Division, Europe and Central Asia, Country Department IV - is part of a larger effort in the region to distill the lessons of the first five years of transition.