A comparative analysis of the results of financial liberalization in Central European countries: 1991-2020

Usman Ghani and Md Kamal Hossain
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Usman Ghani: Széchenyi István University, Győr, Hungary.
Md Kamal Hossain: PhD (Management) Széchenyi István University, Győr, Hungary.

International Journal of Science and Business, 2021, vol. 5, issue 9, 95-111

Abstract: This article builds understanding upon the financial liberalization as financial intervention that influences upon the monetary fiscal, corporate factors of overall economic policy setups. Based on considerations for financial liberalization in Central European countries for the period of 1991-2020, this article discusses the impact of financial liberalization for the countries of central Europe which includes Austria, Bulgaria, Czech Republic, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovenia, Slovakia, (referred hereafter as CECs). The main aim of this study is to explain the impact of financial liberalization on financial portfolios based upon the discussion of financial liberalization in Central European region taking in account several financial liberalization and integration measures for the period of 1991-2020 with many evident global financial trends and indexes. Capital inflows, successful reforms in the banking sector, financial sector leniency for cash inflows, financial regulation and the impacts of these measures (as a result of financial liberalization) upon the overall economic development are vital auras of the discussion in this paper. These impressions are supported by the descriptive data from financial databases regarding measures of financial liberalization.

Keywords: Financial Liberalization; Fiscal and Monetary Policies; Central European Countries; Economic Reforms; Financial liberalization Measures (search for similar items in EconPapers)
Date: 2021
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