The book assesses the lessons which can be drawn from reforms in
Central Europe for the later reformers in the former Soviet Union
and the Balkans. It considers the impact of banking reform on
macroeconomic stabilization and the suitability of German-type
universal banks; the role of banking regulation and the advantages
of 'narrow banks' during transition; the cleaning-up of bad debts;
bank privatization and reform of the payments system. Five chapters
follow which review the experience of some of the 'second-wave'
countries: Estonia, Georgia, Romania, Russia and Ukraine.
General
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