Common Characteristics of Financial Development in Balkan Region Economies

Erinda Imeraj

A chapter in Business Challenges in the Changing Economic Landscape - Vol. 1, 2016, pp 179-189 from Springer

Abstract: Abstract Balkan countries’ economies have different backgrounds due to the political regimes they have been through, but studies have realized that in the first phase of transition progress, the initial conditions have the major impact. Restructured Reform and new policies are the major impacts on the progress and development of the Balkan countries economies. Balkan countries, being in transition economic period, have implemented same reforms in the financial systems which are monitored by international institutions. This study aims to analyze key financial developments in the Balkan countries, and to highlight joint characteristics of this sector. Countries considered in this study are Albania, Bulgaria, Bosnia-Herzegovina, Macedonia, Montenegro, Romania and Serbia. Firstly the study will go through the origin of the development of financial system and the key indicators of a common origin. Based on official statistics of the World Bank, the study will compare economies of Balkan while setting together the common ones. In conclusion the common characteristics of the financial development of Balkan countries would be originated from the banking system used by the former regime and the same reforms implementation.

Keywords: Balkan; Transition; Financial development; Characteristics (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-22596-8_12

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DOI: 10.1007/978-3-319-22596-8_12

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