BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
John Bonin and Paul Wachtel
Dealing with financial fragility in transition economies
Abstract: We examine the efforts of transition economies to deal
with financial fragility and resolve banking cries We characterize the
birthing process of banking in transition and the three essential features
of banking crises in transition economies: (i) bad loans and the
relationship to state owned industries, (ii) development of institutional
infrastructure and (iii) credible commitments to resolution and
privatization. We then discuss the experiences of seven important
transition countries in order to identify the salient features of their
efforts to resolve banking crises.
JEL-Codes: G21; P34; (follow links to similar papers)
30 pages, December 30, 2004
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