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Key Elements of the Reform of the Hungarian Banking System: Privatization and Portfolio Cleaning
Várhegyi, Eva - C.E.P.R. Discussion Papers - 1993
This paper focuses on some of the major problems of the Hungarian banking system and investigates the possible ways to deal with these problems. It discusses the issue of bank restructuring, concentrating on the large commercial banks for which direct or indirect state ownership is decisive....
Persistent link: https://www.econbiz.de/10005791244
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Information Sharing and Credit: Firm-Level Evidence from Transition Countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - C.E.P.R. Discussion Papers - 2007
We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability...
Persistent link: https://www.econbiz.de/10005136657
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Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies
Huang, Haizhou; Marin, Dalia; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2003
This Paper explains both the onset of the financial crisis in 1998 and the striking economic recovery afterwards in … collapse of the treasury bills market in the financial crisis of August 1998 triggers a change in banks' lending behaviour. As …
Persistent link: https://www.econbiz.de/10005067352
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Bank Competition and Enterprise restructuring in Transition Economies
Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998
We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition. Our analysis shows that bad loans are more likely the larger the number of banks competing for customers. We study further how many banks will be active if market entry is not...
Persistent link: https://www.econbiz.de/10005067568
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Economic Transformation and the Reform of the Financial System in Central and Eastern Europe
Székely, Istvan P. - C.E.P.R. Discussion Papers - 1993
institutions can and should make a contribution. It also investigates the financial services industry as a sector and tries to …The paper investigates those aspects of economic transformation and long-term economic development where financial … point out the conditions which can enable financial firms to perform these tasks properly. Banks, or any other financial …
Persistent link: https://www.econbiz.de/10005661810
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A Century of Firm – Bank Relationships: Did Banking Sector Deregulation Spur Firms to Add Banks and Borrow More?
Braggion, Fabio; Ongena, Steven - C.E.P.R. Discussion Papers - 2013
We study how firm-bank relationships and corporate financing evolved during the Twentieth century in Britain. We document a remarkable transition from single to multiple relationships. Transparent, larger, and global companies were more likely to add a bank, especially when located in more...
Persistent link: https://www.econbiz.de/10011084071
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Defensive and Strategic Restructuring in Central European Enterprises
Grosfeld, Irena; Roland, Gérard - C.E.P.R. Discussion Papers - 1995
. We argue that progress on strategic restructuring requires both progress in ownership transformation and in financial …
Persistent link: https://www.econbiz.de/10005662184
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Financial Reform in Eastern Europe: Progress With the Wrong Model
Corbett, Jennifer; Mayer, Colin - C.E.P.R. Discussion Papers - 1991
Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has … financial system and the enterprise sector, and the association suggests that there is a choice between financial systems that …
Persistent link: https://www.econbiz.de/10005791741
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Dollarization, Bailouts and the Stability of the Banking System
Gale, Douglas M; Vives, Xavier - C.E.P.R. Discussion Papers - 2001
obtained are applied to assess the desirability of dollarization in a range of countries and the potential role of the IMF as …
Persistent link: https://www.econbiz.de/10005788955
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Uncertainty Aversion and Systemic Risk
Dicks, David L.; Fulghieri, Paolo - C.E.P.R. Discussion Papers - 2015
associated with stock market crashes and flight to quality. Finally, we argue that increasing uncertainty makes the financial … management of financial crisis …
Persistent link: https://www.econbiz.de/10011213303