Banking reform in transition countries

Stijn Claessens ()

Journal of Economic Policy Reform, 1998, vol. 2, issue 2, 115-133

Abstract: An important debate about financial reform in transition economies is whether or not governments should try to rehabilitate existing state-owned banks or allow a new or parallel banking system to emerge. A comparison of institutional development of banks in twenty-five transition countries suggests that more rapid progress can be made with the entry of new banks as opposed to rehabilitation, especially relative to initial conditions. In most countries, however, a cadre of weak banks still exists. Regression estimates suggest that the progress of these weak banks is inhibited by poor troubled-bank intervention, preferential treatment and limited entry.

Date: 1998
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Working Paper: Banking reform in transition countries (1996)
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DOI: 10.1080/13841289808523377

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