Transitional Economies

Banking, Finance, Institutions

  • Yelena Kalyuzhnova
  • Michael Taylor

Part of the Euro-Asian Studies book series (EAS)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction

    1. Yelena Kalyuzhnova, Michael Taylor
      Pages 1-11
  3. Overview: Developing Market Institutions in Transitional Economies

  4. The Development of the Banking Sector

    1. Front Matter
      Pages 35-35
    2. Krystyna Szymkiewicz
      Pages 54-84
  5. Non-Bank Reforms and Development of the Financial Sector

  6. Supervision and Regulation of Financial Markets

    1. Front Matter
      Pages 191-191
  7. Conclusion

    1. Yelena Kalyuzhnova, Michael Taylor
      Pages 245-251
  8. Back Matter
    Pages 252-256

About this book


The integration of the countries of Central and Eastern Europe and the Commonwealth of Independent States international financial system was arguably one of the most profound changes experienced by the world economy in the 1990s. This book examines these countries in reforming their financial systems in the first decade of transition. Through case studies as well as more thematic approaches contributors deal with crucial elements of building a market-based financial system, the transformation of the banking sector, and non-bank reform and regulation of financial markets. They emphasise the importance of institution-building to the process of financial sector transformation and highlight the lessons to be learned from transitional financial experiences.


banking capital market Eastern Europe Europe transformation transition

Editors and affiliations

  • Yelena Kalyuzhnova
    • 1
  • Michael Taylor
    • 2
  1. 1.The Centre for Euro-Asian StudiesThe University of ReadingUK
  2. 2.International Monetary FundWashingtonUSA

Bibliographic information