Égert, Balázs (contributor); Backé, Peter (contributor); … - 2006
economies in CEE have under-
gone a comprehensive transformation in the past 15 years or so, including wide-
ranging reforms of … which started their economic transformation process with lower levels
of credit-to-GDP ratios than other countries at the … Communist regimes the �nancial sector was underdeveloped.
Hence, once economic transformation from central planning to market is …