Financial Sector Evolution in the Central European Economies: Challenges in Supporting Macroeconomic Stability and Sustainable Growth

Nancy Wagner and Dora Iakova

No 2001/141, IMF Working Papers from International Monetary Fund

Abstract: This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an assessment of remaining challenges, with a focus on the role of the financial sector in supporting macroeconomic stability and sustainable growth.

Keywords: WP; bond market; exchange rate; central bank; private sector; banking system; financial sector; transition; EU accession; Central Europe; venture capital; coverage ratio; bank assets; restructuring program; market liquidity; bank performance; addressing bank illiquidity; bank privatization; market participant; contractionary monetary policy; Commercial banks; Financial Sector Assessment Program; Financial sector stability; Global; Central and Eastern Europe; Western Europe; Europe (search for similar items in EconPapers)
Pages: 69
Date: 2001-09-01
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Citations: View citations in EconPapers (33)

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