and turbulence accompa-nied by repeated bank crises. However, governments in many transition countries learned from these … tumultuous experiences and eventually dealt successfully with the accumulated bad loans and lack of strong bank regulation. In … addition, rapid progress in bank privatiza-tion and consolidation took place in the late 1990s and early 2000s, usually with …

and turbulence accompa-nied by repeated bank crises. However, governments in many transition countries learned from these … tumultuous experiences and eventually dealt successfully with the accumulated bad loans and lack of strong bank regulation. In … addition, rapid progress in bank privatiza-tion and consolidation took place in the late 1990s and early 2000s, usually with …

-indexed loans, leaving unhedged bank customers exposed to potential swings in exchange rates or foreign interest rates …