Naaborg, Ilko; Scholtens, Bert; Haan, Jakob de; Bol, Hanneke - In: Journal of Emerging Market Finance 3 (2004) 2, pp. 99-123
This article analyses the development of the banking sector in European transition countries. We find that, although bank assets increased during the 1990s, credit to the private sector remained relatively low. Foreign-owned banks have become major players in the financial system of these...