Dealing with financial fragility in transition economies

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Title: Dealing with financial fragility in transition economies
Author: Bonin, John ; Wachtel, Paul
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Discussion Papers
Series number: 22/2004
Year of publication: 2004
Publication date: 30.12.2004
Published in: Published in Systemic Financial Crises: Resolving Large Bank Insolvencies, D. Evanoff, G. Kaufman, eds., World Publishing, 2005
Pages: 25 s.
Keywords: pankkitoiminta; siirtymätaloudet; pankkikriisit; Kiina; Puola; Unkari; Tsekki; Bulgaria; Romania; Venäjä; Bofit-kokoelma; ratkaisut; hoito
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.
Note: Ilmestynyt myös Leonard S. Stern School of Business, New York University, Working paper EC-04-31.

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