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Financial System Structure And Stability During Transition

Author

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  • Firtescu Bogdan

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics Business and Administration)

Abstract

The process of transition from socialist economy to market economy was not considered an end in itself, but a necessity, and standing proof to achieve high levels of sustainable development. All former socialist countries are characterized by an early transition recession transformation result of the restructuring, loss of markets, tough competition from foreign products, best quality, or in other cases cheaper. To express the financial system structure in transition we take into discussion data that reflects representatives mutations and restructuring in Central and Eastern European countries, such Bulgaria, Czech Republic, Hungary, Poland and Romania. For all countries we show some important changes of financial system during transition and construct an image matrix that illustrates important indicators of financial system structure and their adjustment.

Suggested Citation

  • Firtescu Bogdan, 2012. "Financial System Structure And Stability During Transition," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 702-707, July.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:702-707
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/100.pdf
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    More about this item

    Keywords

    financial system structure; financial system stability; transition; banking systems.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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