Financial Sector Transformation by Mario I. Blejer, Marko Skreb - 9780521640374

Financial Sector TransformationLessons from Economies in Transition\nAuthor(s): Mario I. Blejer, Marko Skreb\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521640374, 978-0521640374\nSynopsis\nWhile policy makers need to be focused on achieving and sustaining basic macroeconomic stability in the transition of economies from a socialist to a market orientation, financial institutions and reforms play a particularly crucial role in this transformation. The essays in this collection offer overviews of issues in banking sector reform and capital markets as well as specific perspectives on the financial sectors in changing economies of Central and Eastern Europe, China and Israel. The editors and contributors explore the questions of how much focus needs to be given to macroeconomic stabilization vis--vis the dynamics of the financial sector, what may be appropriate time frames for dealing with immediate and long.