Financial Institutions, Stability and Growth

Hubert Gabrisch and Jens Hölscher

Chapter 3 in The Successes and Failures of Economic Transition, 2006, pp 42-59 from Palgrave Macmillan

Abstract: Abstract Chapter 3 stresses the importance of well-functioning financial systems for economic development in a market economy. It is no exaggeration to claim that the transition countries had to build up their financial institutions from scratch. In the planned economy money had no economic function and had to be re-established in the process of transformation.

Keywords: Interest Rate; Central Bank; Financial Institution; Money Supply; Banking Sector (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62658-4_4

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DOI: 10.1057/9780230626584_4

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