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This study analyzes the main requirements placed on Central and Eastern Europe's financial systems during their transition to a market economy. It assesses the financial reforms already carried out in the countries of Central Europe, their adaptations of Western institutional models, and the...
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subsequent incomplete progress in constructing non-bank financial institutions and effective regulatory structures have had … adverse consequences. These include weak bank balances sheets, high real interest rates, and poor access to capital for small …. Bank lending and deposits are growing in many CIS economies, the proportion of bad debt in bank credit portfolio is falling …
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