Reforming the Financial Sector in Central European Countries by S. Poloucek PDF

By S. Poloucek

ISBN-10: 1403915466

ISBN-13: 9781403915467

The research during this booklet displays a variety of features of monetary quarter transformation in chosen primary eu international locations which are anticipated to hitch the ecu in 2004. The authors are critical eu monetary specialists who supply, between different issues, an in depth assessment of the subsequent major issues: Banking legislation and Supervision; focus and potency of the Banking Sectors; monetary (banking) crises in chosen crucial eu nations; and fiscal and trade expense improvement. the result of the examine performed by means of those authors replicate an attractive truth: that there exist very important ameliorations within the monetary zone improvement even within the really homogeneous workforce of chosen principal eu international locations, specifically the Czech Republic, Poland, Slovakia and Hungary.

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This meant that there were – according to the CNB – too ˇ many banks in the Czech Republic and the CNB even refrained from granting licences to strong foreign banks. The recommendation of the ˇ CNB was to obtain a share or to merge with already licensed banks. But buying mostly non-transparent banks with NPLs appeared to be very risky. That is one of the reasons why foreign investors entered the banking sector in the Czech Republic only at the end of the 1990s. Escalation of small banks’ problems that resulted in failures of many of them (Hölscher, 2000) worsened the situation of the whole banking sector.

9 per cent at the end of 2000 (Schardax and Reininger, 2001, p. 45). But compared with the equity markets of advanced economies, even the Hungarian equity market is still small in relation to the size of the economy. 2). As stated above, the market turnover ratio measures the volume of domestic equities traded on domestic exchanges relative to the size of the market. In developed countries, a high turnover ratio is often used as an indicator of low transaction costs. For transition economies an important fact is that big stock markets are not necessarily liquid markets.

These banks are characterized by providing credits to their shareholders, with little, if any, regard for the creditworthiness of such lending; providing instruments of control and conducting monetary policy. If the regulatory body is a part of the central bank, the monetary policy department can better set their policy targets, since the stability of banks is essential for a sound and efficient monetary policy; protecting depositors by setting prudent rules and deposit insurance schemes. 2 Banking regulation and supervision – legislative framework ˇ The legislative framework of the CNB has undergone substantial changes since 1990, when a two-tier banking system was introduced.

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Reforming the Financial Sector in Central European Countries (Studies in Economic Transition) by S. Poloucek


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