Financial Markets in Central and Eastern Europe - 9780415342537

Taylor & Francis

This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund. > The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions.This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund. > Introduction Morten Balling 1. Financial sector development as a tool for EU convergence Luigi Passamonti 2. The implications of EU membership on financial systems' stability-oriented economic m