Download Reforming the Financial Sector in Central European Countries by Stanislav Polouček (eds.) PDF

By Stanislav Polouček (eds.)

The research during this booklet displays numerous facets of monetary region transformation in chosen significant ecu international locations which are anticipated to hitch the ecu in 2004. The authors are principal ecu monetary specialists who supply, between different issues, an in depth review of the next major themes: Banking law and Supervision; focus and potency of the Banking Sectors; monetary (banking) crises in chosen primary eu nations; and fiscal and alternate price improvement. the result of the examine performed by means of those authors mirror a fascinating truth: that there exist very important transformations within the monetary area improvement even within the really homogeneous team of chosen important ecu international locations, specifically the Czech Republic, Poland, Slovakia and Hungary.

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Extra info for Reforming the Financial Sector in Central European Countries

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6. 2002 30. 6. 0 Total KB 31. 12. 0 NPF The Bank of NY Chase Nominees Chase Ireland L. 0 30. 6. 0 ˇ ˇ and KB. Source: Annual reports of CSOB, CS Poland. 5 per cent, respectively, of banking assets and total capital. Foreign strategic investors had acquired most of the capital in the largest Polish banks. Aside from commercial banks, cooperative banks are an important Financial and Banking in Transition Countries 27 element of the banking sector, however small, in asset terms. The privatization agenda has not been completed, however, with the largest retail bank PEKAO still government-owned.

Nevertheless, it is necessary to take into account that in most CEC, even the strongest and soundest banks are in international terms banks, and are not too unsound. Domestic banks still have to take many steps to approach the level of 28 Reforming the Financial Sector in CEC banks in most advanced countries. At the same time the analysis presented confirms that the Czech Republic, Slovakia, Poland and Hungary have much in common (starting with their transition from centrally planned economies to market economies), but also many differences in their financial and banking sector development.

It is reflected in a low ratio of deposits to GDP. 2. Capital markets in the CEC comprise both stock markets and markets for debt securities denominated in local currency. A complex comparison of the capital markets’ development requires application of indicators of size, liquidity and volatility of capital markets. The indicator of integration with world capital markets is also often used, because application of a variety of measures provides a richer picture of the state, the structure and the development of the capital markets.

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