An institutional approach to banking reform in Eastern Europe

Claudia Buch

No 560, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper applies the arguments of institutional economics to the issue of banking system reform. Institutional reforms are of particular importance in the financial sphere because banking operations were heavily restricted under central planning and, at the same time, banks are assigned a crucial role in the restructuring of the economies and the establishment of effective corporate control. A universal banking system provides the institutional framework which suits the requirements of Eastern Europe best because it opens a wide avenue of contract designs. Hazards of universal banking can be reduced by imposing regulatory requirements. This paper relates the theoretical findings of institutional economics to the progress made with reforms in the banking systems.

Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/47134/1/256860858.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:560

Access Statistics for this paper

More papers in Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().