these countries in reforming their financial systems in the fist decade of transition. Through case studies as well as more … the banking sector, and non-bank reform and regulation of financial markets. They emphasise the importance of institution …

The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991 … system, and weaknesses in the restructuring policies implemented were the main factors affecting the overall fiscal costs …, with the latter two being more significant. The paper finds no significant relationship between the size of restructuring …