ABSTRACT
The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions.
This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.
TABLE OF CONTENTS
chapter 2|9 pages
Factors influencing the financial system stability-oriented policies of a small country soon to become an EU Member
The Estonian experience
chapter 3|16 pages
The role of central banks in promoting financial stability
The Hungarian experience
chapter 5|38 pages
Financial-sector macro-efficiency
Concepts, measurement, theoretical and empirical evidence
chapter 7|33 pages
Challenging the prudential supervisor – liability versus (regulatory) immunity
Lessons from the EU experience for Central and Eastern European countries
