Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212552 
Year of Publication: 
2004
Series/Report no.: 
BOFIT Discussion Papers No. 22/2004
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
We examine the efforts of transition economies to deal with financial fragility and resolve banking cries We characterize the birthing process of banking in transition and the three essential features of banking crises in transition economies: (i) bad loans and the relationship to state owned industries, (ii) development of institutional infrastructure and (iii) credible commitments to resolution and privatization.We then discuss the experiences of seven important transition countries in order to identify the salient features of their efforts to resolve banking crises.
Persistent Identifier of the first edition: 
ISBN: 
951-686-984-X
Document Type: 
Working Paper

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