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Banking Reform in Slovakia: Case of Commercial Banks and Central Bank

In: Serbia and the European Union: Economic Lessons from the New Member States

Author

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  • Marianna Siničáková

    (Technical University of Košice, Faculty of Economics)

Abstract

Slovakia has realised several reforms after year 2000. One of the first reforms was restructuring of banking sector at the level of commercial banks and central bank, too. General conditions were harmonised with European standards. Stabilised and sound bank sector enabled application of other reforms, facilitated integration into the European Union and into the Euro area. Consequently, banks in Slovakia could face a very demanding year 2009 rather successfully. For Slovakia the year 2009 was specific also due to euro adoption and consequent increased cost especially in banking sector. However, despite a certain drop of profits, positions of the banks were not shattered. The role of the central bank within Slovak integration was significant and with positive impact on other sectors. The paper provides analysis of implemented measurements in banking reform, their confrontations with other countries in transitions.

Suggested Citation

  • Marianna Siničáková, 2011. "Banking Reform in Slovakia: Case of Commercial Banks and Central Bank," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 13, pages 200-213, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:srbeu-13
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    References listed on IDEAS

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    1. Cukierman Alex, 1992. "CENTRAL BANK STRATEGY, CREDIBILITY, AND INDEPENDANCE: THEORY AND EVIDENCE: Compte Rendu par Dominique Cariofillo," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 3(4), pages 581-590, December.
    2. Polterovich, Victor & Popov, Vladimir, 2006. "Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития [An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]," MPRA Paper 22168, University Library of Munich, Germany.
    3. Alex Cukierman, 1992. "Central Bank Strategy, Credibility, and Independence: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031981, December.
    4. Polterovich, Victor & Popov, Vladimir, 2003. "Accumulation of Foreign Exchange Reserves and Long Term Growth," MPRA Paper 20069, University Library of Munich, Germany.
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