Financial Reform in Eastern Europe: Progress With the Wrong Model

Jenny Corbett () and Colin Mayer ()

No 603, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the association suggests that there is a choice between financial systems that has not as yet been adequately considered and that it is far from evident that Eastern Europe is at present proceeding with the right model.

Keywords: Banking; Corporate Control; Eastern Europe; Financial Systems; Privatization (search for similar items in EconPapers)
JEL-codes: G20 G32 G38 O52 P34 P59 (search for similar items in EconPapers)
Date: 1991-09
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Citations: View citations in EconPapers (38)

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Journal Article: Financial Reform in Eastern Europe: Progress with the Wrong Model (1991)
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