Banking Sector Reforms and the Global Financial Crisis in Transition Economies: Evidence from Southeast Europe
Downloads
In this paper we provide an overview of banking sector reforms in the transition economies of eight Southeast European (SEE) countries. We discuss certain macroeconomic and financial sector indicators of SEE countries leading up to the Global Financial Crisis and immediately after. We benchmark these indicators with Central Eastern European and EU 15 countries in order to identify financial development gaps and areas for improvement. This paper is intended to contribute to the discussion on the economic convergence of EU and new or potential EU member states and the degree to which reforms have contributed to a sound financial sector which will in turn fund a sustainable growth and ensure a successful EU integration.
Downloads
Bonin, J., Hasan, I. and Wachtel, P., 2009, Banking in Transition Countries, in Berger, A.N., Molyneux, P. and Wilson, J.O.S. (eds.) Oxford Handbook of Banking. Oxford: Oxford University Press.
Bonin, John P., 2004, Banking in the Balkans: the structure of banking sectors in Southeast Europe, Economic Systems 28, 141-153.
Caprio and R. Levine, 1994, Reforming Finance in Transitional Socialist Economies, The World Bank Research Observer, Vol. 9 (1), pp. 1–24.
EBRD, 2011, Vienna Initiative—moving to a new phase, http://www.ebrd.com/downloads/research/factsheets/viennainitiative.pdf.
Fries, S. and Lane, T.,1994, Financial and enterprise restructuring in emerging market economies, In Building Sound Finance in Emerging Market Economies (eds G. Caprio, D. Folkerts-Landau and T. Lane). IMF.
Fries, S., Taci, A., 2002, Banking reform and development in transition economies, EBRD Working Paper No. 71.
Galgoczi, B., and Bruno Sergi, 2012, Social and Economic Trends in South-east Europe, European Trade Union Institute.
Sanfey, P., 2011, South East Europe: lessons from the global economic crisis, in Anastasakis O., Jens Bastia and Max Watson (eds) From Crisis to Recovery: Sustainable Growth in Southeast Europe, Southeast European Studies at Oxford.
Sevic, Z., 2000. Banking reform in South East European transitional economies: an overview. Moct-Most 10, 271–283.
World Bank, 2012, South-east Europe Regular Economic Report, Poverty reduction and Economic Management Unit.
Copyright (c) 2022 International Journal of Scientific Research and Management
This work is licensed under a Creative Commons Attribution 4.0 International License.
