Bank Reform in Greece with reference to Eastern Europe. The Case of the Hellenic Industrial Development Bank S.A

Marica Frangakis

No 9811, CERT Discussion Papers from Centre for Economic Reform and Transformation, Heriot Watt University

Abstract: Is Greece a reforming economy? The purpose of this paper is to present the evolution and structure of the banking sector in Greece, with reference to the parallel experiences of the Eastern European (EE) countries. In Section 2, we are concerned with the domestic economic environment within which the Greek Banking System (GBS) operates. and the pressures building up within the system encouraging reform. In Section 3, we look into the evolution of the Greek Banking System, both in terms of structures and in terms of policy. Changes in the instruments of monetary policy are also considered in this section. In Section 4, we present the case of the Hellenic Industrial Development Bank, currently undergoing a thorough restructuring plan. In Section 5, we examine some of the main similarities and differences between Greece and the EE countries in relation to banking sector problems and reforms.

Keywords: Greece; banking reform; bad debt; restructuring. (search for similar items in EconPapers)
JEL-codes: G21 G28 P59 (search for similar items in EconPapers)
Date: 1998
New Economics Papers: this item is included in nep-fmk, nep-ifn and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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