Financial Reform in Central and Eastern Europe

  • Stephany Griffith-Jones
  • Zdeněk Drábek

Table of contents

  1. Front Matter
    Pages i-x
  2. Introduction and Non-Banking Financial Flows

    1. Front Matter
      Pages 1-1
    2. Stephany Griffith-Jones
      Pages 3-15
  3. Case-Studies

  4. Lessons from Developing Countries

  5. Conclusions and Policy Implications

    1. Front Matter
      Pages 221-221
    2. Stephany Griffith-Jones, E. V. K. FitzGerald
      Pages 223-246
  6. Back Matter
    Pages 247-256

About this book


The book examines in depth the progress of reform in the banking sector in Eastern Europe - which is a key element in its transition to the market. Particular emphasis is placed on the problem of bad debts owed by companies to banks, and on criteria and options for overcoming this serious problem. The book also analyses the recent development of capital markets in Eastern Europe, their role in attracting foreign capital flows and the limitations to the development of those markets and suggests how to overcome them. Based on analysis by senior policy-makers and academics from the region , the book focuses on four countries: the former Czechoslovakia (now the Czech and Slovak Republics), Hungary and Poland.


banking capital market economic growth economic policy growth investment macroeconomics

Editors and affiliations

  • Stephany Griffith-Jones
    • 1
  • Zdeněk Drábek
    • 2
  1. 1.Institute of Development StudiesSussex UniversityUK
  2. 2.Czech National BankPragueCzech Republic

Bibliographic information