The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a … long time Romania's enthusiasm for its 1998 promise to the IMF to privatize its leading banks was only a commitment on … paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a …

In this paper we study the relationship between mass privatization and capital market development in the transition … results confirm the hypothesis that mass privatization exerted a negative influence on capital market functioning in the short … and medium term. Results further indicate that in countries with mass privatization, the capital market was established …

This research investigates the emergence of stock market in the Czech Republic. We use Czech mass privatization as an … if certain pre-privatization and privatization characteristics of the companies had been taken into account when deciding … which companies to place on the stock exchange for public trading following the mass privatization. This result has …

: In Romania, as in many Central and Eastern Europe countries, during the communist regime all the banks were owned by … by state. From the seven state-owned banks that activated in the 1990s in Romania, one had to be closed, four were …

The purpose of this report is to analyse the structure of ownership in the financial sector in the selected old (France … ownership in the financial sector across the EU and its consequences with the special consideration of relations between this … process and withdrawal of the State from the financial sector. In order to accomplish this target, extensive research is …

The purpose of this report is to analyse the impact of the financial sector on the real sector of the economy in the … states. The specific objectives are: 1. Analysis of the influence of financial institutions on financing the real economy. 2 …. Identification of sectoral and national differences in the financial sectors and consequences of these divergences for the real …

governance structures, adequate capital, stringent internal controls, safe and sound business operations, quality services as …