Sequencing of Institution Building in the Transition Process of Central and Eastern Europe's Financial Systems
Gertrud Buchenrieder
Broschiertes Buch

Sequencing of Institution Building in the Transition Process of Central and Eastern Europe's Financial Systems

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Few issues in economics have experienced such a grandiose revival as the role of institutions in economic change. With the beginning of the transition process in Central and Eastern Europe and the former Soviet Union, optimal sequencing and timing of reforms in the transformation process became a focus of scholarly research. Clearly, the success of the reform efforts in transition economies depends to a considerable extent on the existence of adequate institutions. Financial systems are institutions. The objective of financial system reforms is to expand the volume and efficiency of financial ...