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Financial Institutions, Stability and Growth

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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.

Keywords

  • Interest Rate
  • Central Bank
  • Financial Institution
  • Money Supply
  • Banking Sector

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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