Risk, Regulation and Competition in Banking and Finance in Transition Economies
When the centrally planned economies of eastern Europe and the Soviet Union began transition to a market economy in the early 1990s, it was widely recognised that the system of banking and finance would play a pivotal role in the economic development of each country. Nearly two decades later the ban...
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Veröffentlicht in: | Comparative economic studies 2008-06, Vol.50 (2), p.210-216 |
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description | When the centrally planned economies of eastern Europe and the Soviet Union began transition to a market economy in the early 1990s, it was widely recognised that the system of banking and finance would play a pivotal role in the economic development of each country. Nearly two decades later the banking systems have been transformed from crude mono-bank systems to functioning market-oriented systems of banking and finance. The transition, however, has not been without difficulties. As the legal and regulatory environment evolved to accommodate a market-oriented system, issues dealing with bank strategic behaviour, market consolidation and competition, foreign bank entry, banking risks, efficiency and asymmetric information, inter alia, quickly arose. Recognising the importance of addressing these issues both theoretically and empirically The Department of Economics of Ghent University organised a Conference entitled 'Risk, Regulation and Competition: Banking in Transition Economies', financed by funds from the Belgian Inter University Attraction Poles for researchers to discuss these issues in detail. The papers in this symposium issue are drawn from this conference. |
doi_str_mv | 10.1057/ces.2008.11 |
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subjects | Banking Banking industry Banks Central Asia Competition Eastern Europe Economic change Economic development Economic systems Economic theory Economics Economics and Finance Financial services International Economics Introduction to the Symposium Market economy Political Economy/Economic Systems Regulation Regulation of financial institutions Risk Studies Transition economies |
title | Risk, Regulation and Competition in Banking and Finance in Transition Economies |
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