The Development of the Financial Sector in Southeast Europe: by Ingrid Matthäus-Maier, J. D. Pischke

By Ingrid Matthäus-Maier, J. D. Pischke

KfW has been assigned accountability by means of the German executive and several donors for tasks designed to reconstruct the monetary landscapes of Southeast Europe. those actions are well-known as fairly winning in construction sustainable monetary associations that serve the small finish of the marketplace, with targeted emphasis on microenterprise and small company. The KfW-managed tasks have contributed to the final balance of monetary sectors and to monetary restoration and progress via employment construction and funding. This ebook reports adventure won and analyses the explanations for the successes completed, recommendations for extra development, and scope for replicability in different transition and constructing economies. a very fascinating characteristic is that fairly small quantities of public money can catalyse monetary markets in unstable environments.

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Annual Report 2001, Skopje. National Bank of Romania (2002). Annual Report 2001, Bucarest. Neuhauss, W. (2002). ‘Refinancing Banks in an Unstable Financial Environment’, in Winkler, A. ), Banking and Monetary Policy in Eastern Europe. The First Ten Years. Houndmills and New York: Palgrave Publishing, pp. 72-87. OECD (1997), Economic Survey. Hungary 1996-97, Paris. Padoa-Schioppa, T. (2002). int. 40 Arnaud Mehl and Adalbert Winkler Pissarides, F. (2001). ‘Financial Structures to Promote Private Sector Development in South-Eastern Europe’, EBRD Working Paper, No.

43-71. , G. Krause and C. Thimann (2002). ‘Financial Sectors in Accession Countries. some Key Features’, in Thimann, C. ), Financial Sectors in EU Accession Countries, European Central Bank, Frankfurt am Main, pp. 15-30. Caprio, G. (1997). ‘Safe and Sound Banking in Developing Countries – We’re Not in Kansas Anymore’, World Bank Working Paper, No. C. Caprio, G. and D. Klingebiel (1996). ‘Bank Insolvencies – Cross Country Experience’, World Bank Policy Research Paper, No. C. Caprio, G. (1998). ‘Banking on Crises, Expensive Lessons from Recent Financial Crises’, World Bank Working Paper, No.

Org. -P. (2002). ‘Sustainable Microfinance Banks – Problems and Perspectives’, Paper prepared for the KfW symposium on ‘Innovative approaches to financial sector development in volatile environments’, Berlin 7-8 November 2002. PART II: Innovative Approaches to Building Financial Sectors in Southeast Europe Introduction to Part II How can a capital base be created in transition economies when financial markets are insufficiently capitalised, unable to correlate risk and yield efficiently, hampered by conflicts of interest, or if they fail to seize market potential?

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