IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-26871-9_10.html
   My bibliography  Save this book chapter

Banking on the Transition

In: Financial Reform in Developing Countries

Author

Listed:
  • Rodney Schmidt

Abstract

In 1989–91 the centrally planned countries of Central and Eastern Europe (CEE)2 liberalized most prices and international trade. These and other transition reforms revealed how little the physical capital of state enterprises is worth in a market economy.3 The low value of the capital assets is due to investment inefficiency under central planning and the decline in the investment rate preceding the transition, the abrupt change in relative prices that initiated the transition period, and the discontinuation of external subsidies when the Soviet trade bloc collapsed.

Suggested Citation

  • Rodney Schmidt, 1998. "Banking on the Transition," Palgrave Macmillan Books, in: José M. Fanelli & Rohinton Medhora (ed.), Financial Reform in Developing Countries, chapter 10, pages 296-327, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26871-9_10
    DOI: 10.1007/978-1-349-26871-9_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Park, Albert & Shen, Minggao, 2008. "Refinancing and decentralization: Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 66(3-4), pages 703-730, June.
    2. Albert Park & Minggao Shen, 2002. "A Refinancing Model of Decentralization with Empirical Evidence from China," William Davidson Institute Working Papers Series 461, William Davidson Institute at the University of Michigan.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-26871-9_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.