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The Balkan and Baltic experience of financial services privatization

John Consigilio

No 14-09, eabh Papers from The European Association for Banking and Financial History (EABH)

Abstract: The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a long time Romania's enthusiasm for its 1998 promise to the IMF to privatize its leading banks was only a commitment on paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a positive one, based on norms and structures often comparable to those in advanced industrial economies.

Keywords: privatization; financial; services; Romania; Estonia; EBRD; IMF (search for similar items in EconPapers)
JEL-codes: G21 G28 N24 P34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban and nep-tra
Date: 2014
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