Abstract
Chapter 3 stresses the importance of well-functioning financial systems for economic development in a market economy. It is no exaggeration to claim that the transition countries had to build up their financial institutions from scratch. In the planned economy money had no economic function and had to be re-established in the process of transformation.
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© 2006 Hubert Gabrisch and Jens Hölscher
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Gabrisch, H., Hölscher, J. (2006). Financial Institutions, Stability and Growth. In: The Successes and Failures of Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626584_4
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DOI: https://doi.org/10.1057/9780230626584_4
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