Monetary and Banking Reform in Postcommunist Economies

Monetary and Banking Reform in Postcommunist Economies PDF Author: Institute for East-West Security Studies. Conference on Money, Banking and Credit in Eastern Europe and the Soviet Union
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 180

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Monetary and Banking Reform in Postcommunist Economies

Monetary and Banking Reform in Postcommunist Economies PDF Author: Institute for East-West Security Studies. Conference on Money, Banking and Credit in Eastern Europe and the Soviet Union
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 180

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Book Description


Monetary and banking reform in postcommunist economies

Monetary and banking reform in postcommunist economies PDF Author: David M. Kemme
Publisher:
ISBN: 9780813385723
Category :
Languages : en
Pages : 0

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Priests of Prosperity

Priests of Prosperity PDF Author: Juliet Johnson
Publisher: Cornell University Press
ISBN: 1501703757
Category : Political Science
Languages : en
Pages : 311

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Book Description
Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking. Johnson's detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today’s central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other. Priests of Prosperity will appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.

Foreign-Owned Banks

Foreign-Owned Banks PDF Author: Małgorzata Iwanicz-Drozdowska
Publisher: Springer
ISBN: 3030011119
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking sectors, the book shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries (the stake of foreign-owned banks is below 50% of assets in only five out of 20 countries), their strategies materially impact the development of CESEE banking sectors, which warrants our scientific exploration. Arriving at a clear concluding point of view on the role of foreign-owned banks and providing insights for future policy of CESEEs towards foreign presence in their banking sectors, this book should be of interest to academics, students, and policymakers.

Financial Sector Reform and Central Banking in Centrally Planned Economies

Financial Sector Reform and Central Banking in Centrally Planned Economies PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451939566
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more efficient framework for monetary management, and to provide greater autonomy to central banks in macro stabilization policies. These objectives call for a coordinated approach to strengthening a wide range of central banking functions simultaneously, and require that a core mass of supporting financial sector reforms be implemented to ensure effective transformation and stabilization with minimal transitional costs.

Challenges of the Post-communist Financial-currency Policy

Challenges of the Post-communist Financial-currency Policy PDF Author: Avtandil Silagadse
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96

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Book Description
This book presents a review of the problems of transformation as well as the results of implementation of the financial-currency policy in the post-communist countries. It contains characteristics of alternative circumstances of implementation of the financial policy and the conclusions on their possible transformation. It gives the review of the impediments existing in the exchange rate regulations of different countries and the results obtained in the course of nearest experience are also illuminated. The work is targeting at reviewing the subtleties of the transformational development projected to the foreign currency risks. Paramount importance is attributed to those exchange rate regimes, which have become a major catalyst of economic development in a number of countries. The study is intend to define: a) Likelihood of a rise of currency policy challenges now at the base of experience of the financial crisis of 90,s in the post communist countries and b) Exchange regime options that are rationale for the countries.

Economic Institutions and Democratic Reform

Economic Institutions and Democratic Reform PDF Author: Ole Nørgaard
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
Explores the political consequences of economic reform in some 20 post-communist countries, using primary quantitative data and statistical analyses to demonstrate that there is no universally applicable economic reform strategy and that popular democracy is often the foundation of a successful economy. Shows that generalized models are not productive when studying the complexity of post- communist transformation, and argues that danger to democracy comes from the alienation of citizens and the collapse of public service and education systems. The author is research professor at the University of Aarhus, Denmark. Annotation copyrighted by Book News, Inc., Portland, OR

Varieties of Monetary Reforms

Varieties of Monetary Reforms PDF Author: Mr.Pierre L. Siklos
Publisher: International Monetary Fund
ISBN: 1451967322
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic terms, the choice of monetary regime will depend on the policy that is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will ultimately depend on how independent a country wishes to be from shocks emanating from the rest of the world and the weight politicians attach to influencing economic conditions in their own country.

The Political Economy of Monetary Circuits

The Political Economy of Monetary Circuits PDF Author: J. Ponsot
Publisher: Springer
ISBN: 0230245722
Category : Political Science
Languages : en
Pages : 223

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Book Description
This book provides cutting-edge material elaborating on monetary circuit theory and post-Keynesian monetary economics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance.

Sequencing Financial Sector Reforms

Sequencing Financial Sector Reforms PDF Author: R. B. Johnston
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 420

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Book Description
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.