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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 …
Persistent link: https://www.econbiz.de/10010425997
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 …
Persistent link: https://www.econbiz.de/10010961616
Persistent link: https://www.econbiz.de/10013147261
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10012148527
The effect of lenders' information sharing on the volume of credit is ambiguous in theory and underexplored empirically. Departing from the scant existing literature, which draws on country-level aggregate data, we study the impact of information sharing on the volume of private credit by...
Persistent link: https://www.econbiz.de/10013114677
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10014225415
emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two “banking reform …
Persistent link: https://www.econbiz.de/10013404450
This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state’s withdrawal from commercial banking has been inconsistent and limited in...
Persistent link: https://www.econbiz.de/10005648571
emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two “banking reform …
Persistent link: https://www.econbiz.de/10005523500
This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992-December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation...
Persistent link: https://www.econbiz.de/10012781560