Skip to main content
SpringerLink
Log in

Banking reforms in East Central Europe

  • System Transformation
  • Published:
Intereconomics

Abstract

The first step towards the establishment of a banking sector geared to the market economy, the introduction of a two-tier banking system, has long since been taken by the countries of East Central Europe. A large number of shortcomings are still to be found in their banking systems, however, and the speed of reforms, after a lightning start, has slowed down to a snail’s pace.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

|o

  1. Cf. K. Kalicki: Monetary Policy in a period of Economic Transformation, Friedrich-Ebert-Stiftung, Economic and Social Policy Series, No. 5, Warsaw 1991.

  2. Cf. Holger Schmieding and Claudia Buch: Better Banks for Eastern Europe, in: Kieler Diskussionsbeiträge, No. 197, Institut für Weltwirtschaft, Kiel 1992; M. Sacrinelli: Eastern Europe and the Financial Sector: Where Are They Going?, in: Banca Nazionale del Lavoro, Quarterly Review 1992, No. 4; Lawrence J. Brainard: The Financial Sector in the Transition to a Market Economy. How to Reform Eastern Europe’s Banking Systems, New York 1991.

  3. Cf. Mileti Mladenov: Money, Banking and Credit: The Case of Bulgaria, in: David M. Kemme (ed.): Monetary and Banking Reform in Postcommunist Economies, Boulder, Co. 1992.

  4. Cf. Plamen Minkov: Banks and Banking Reform in Bulgaria, in: Russian and Eastern European Finance and Trade, Vol. 29, No. 2 (Summer 1993), Armonk, N.Y.

  5. Cf. Reuter News Service: Bulgaria: Bulgarian Banks Post 95 Billion Levs Bad Loans, 15th February 1994. For further estimates of this problem, cf. William C. Hunter: Banking and Financial Systems in Bulgaria, in: The World of Banking, May/June 1993.

  6. Cf. Euromoney: Bulgaria: EBRD Special Report-New Players, Old Tunes, London 1994; Reuter News Service: Bulgaria: BNB to Put Two Ailing Banks under Direct Control, 8th March 1995.

  7. Cf. Pavel Wyczanski and Krzystof Novinski: Poland’s Banking System: Current Developments and Prospects, Friedrich-Ebert-Stiftung, Economic and Social Policy Series, No. 4, Warsaw 1991.

  8. Cf. Stefanie Hamacher: Die geld- und währungspolitischen Probleme osteuropäischer Reformländer, Stuttgart 1992: Andrzej Rudka: Reform of the Banking System in Poland, in: David M. Kemme, op. cit. (ed.): Monetary and Banking Reform in Postcommunist Economies, Boulder, Co. 1992.

  9. European Bank for Reconstruction and Development, EBRD Economic Review, July 1993.

  10. Cf. S. Sikora and M. Miszerak: The Privatisation of the Banks in Poland, in: OECD: Transformation of the Banking System: Portfolio Restructuring, Privatisation and the Payment System, Paris 1993.

  11. Cf. Ion Dragulin: Banking in Romania, in: The Vienna Institute, Monthly Report, No. 2, Vienna 1994.

  12. Cf. Dan lonescu: Romania’s Currency Plummeting, in:RFE/RL Research Report No. 2, 10th December 1993, p. 49.

  13. Cf. Emil I. Ghizari: Banking Reform in Romania, in: David M. Kemme, op. cit. Monetary and Banking Reform in Postcommunist Economies, Boulder, Co. 1992.

  14. Cf. Reuter News Service: Romania: Romania Central Bank Launches New Settlement System, 23rd March 1995.

  15. On the first measures taken, cf. Eric V. Clifton and Mohsin S. Khan: Interenterprise Arrears in Transforming Economies, The Case of Romania, in: IMF Staff Papers, Vol. 40, No. 3, Washington D. C. 1993.

  16. Cf. Jörg Bornmann, Andrea Manzotti and Frank A. Schmid: Die Entstehung des Bankenmarktes in der CSFR, in: Osteuropa-Wirtschaft, Vol. 37, December 1992, No. 4; Miroslav Hrncir: Financial Intermediation in Czechoslovakia, in: Prague Economic Papers, 1993, No. 4.

  17. Cf. EBRD Economic Review, July 1993; OECD, op. cit. Transformation of the Banking System: Protfolio Restructuring, Privatisation and the Payment System, Paris 1993.

  18. Cf. György Csaki: Recent Improvements in Hungarian Banking, in: Institute for World Economics, Working Paper No. 27, Budapest 1993.

  19. Cf. Rczso Nyers and Gabriella Rosta Lutz: Restructuring of the Banking System in Hungary, in: OECD: Transformation of the Banking System; Mihaly Patai: Bank Consolidation in Hungary, Statement to the conference on “The Role of International Financial Institutions in Central and Eastern Europe”, Munich, 12th–14th April 1994.

Download references

Author information

Authors and Affiliations

  1. Stiftung Wissenschaft und Politik, Ebenhausen/lsar, Germany

    Klaus Schröder

Authors
  1. Klaus Schröder
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Schröder, K. Banking reforms in East Central Europe. Intereconomics 30, 193–199 (1995). https://doi.org/10.1007/BF02928091

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02928091

Keywords

Search

Navigation