Regional Integration Challenges in South East Europe: Banking Sector Trends

George Stubos () and Ioannis Tsikripis
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George Stubos: Bank of Greece
Ioannis Tsikripis: Bank of Greece

No 24, Working Papers from Bank of Greece

Abstract: This study reviews and evaluates a particular aspect of the institution building process in the transition countries of Southeast Europe. The focus is the development of the banking sector. It is argued that banking sector development plays an integral and pivotal role in the successful completion of the transition process. It functions as a very strong integrating force contributing to the broader institution building process and as a pillar of future growth and development in the new market environment of the Balkan economies. This study concentrates on three main issues. First, it undertakes a brief literature review of regional integration approaches in the Balkans. Second, it provides an overview of the most significant changes that have taken place in the banking sector. Third, it reviews some structural characteristics and performance indicators, all of which point to considerable advancements made in this sector in recent years. Empirical evidence is provided showing that a substantial harmonisation of ownership structures and performance indicators has been achieved in the banking sectors of these countries initiating a convergence process toward EU banking structures and functions. In this regard, this study complements the findings of other studies focusing on various sectors of economic activity, which clearly show that a de facto regional and, even more so, continental integration of the Southeast European countries is under way.

Keywords: Balkan banking; foreign banks; regional integration; transition policies (search for similar items in EconPapers)
JEL-codes: G21 P30 R10 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2005-06
New Economics Papers: this item is included in nep-ban, nep-eec and nep-eff
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Citations: View citations in EconPapers (11)

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