The Financial Infrastructure Required to Support Economies in Transition

Peter Koveos and Allan Young
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Peter Koveos: Syracuse University, USA
Allan Young: Syracuse University, USA

Chapter 14 in Economies in Transition:Conception, Status and Prospects, 2002, pp 227-249 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionRole of the Financial Infrastructure in the Transition ProcessPrincipal Component Institutions of the Financial InfrastructureThe Relative Importance of Commercial Banks and Stock Exchanges in the Transition ProcessPublic Policy Recommendations and QualificationsRecommendations on Improving the Financial InfrastructureRecommendations on Reform of the Banking SystemRecommendations Aimed at Creating Effective Secondary Security Trading MarketsQualification as to the Limitations of Economically Based RecommendationsA Final Caveat: Real and Financial Sectors and Differential Speeds of AdjustmentReferences

Date: 2002
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