IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/711.html
   My bibliography  Save this paper

Financial reform in socialist economies in transition

Author

Listed:
  • Long, Millard
  • Sagari, Silvia B.

Abstract

Neither in theory nor in practice have financial economists confronted a problem as all encompassing as the reform of financial systems in the socialist economies in transition (SET). In the economics literature, the impact of the financial system on the productive sectors has been a subject of much dispute, and the analysis has not been completely satisfactory. In particular, country experience has only involved the diagnosis and design of remedies for comparatively limited specific problems and the implementation of marginal changes in working systems. The problems being tackled today in the SET are hence beyond both our theoretical range and prior experience in country work. The purpose of this paper is to raise some of the important issues that emerge in the process of financial reform and venture some tentative suggestions. The discussion centers mainly on banking, which in the SET is the dominant segment of the financial sector. It considers the link between financial structure and the productive sector. It deals with a range of structural issues, including efficiency, contestability, ownership, separation of banking and industry and regulation. It also examines the transitional problems involved in implementing the new structure, and the sequencing of reforms.

Suggested Citation

  • Long, Millard & Sagari, Silvia B., 1991. "Financial reform in socialist economies in transition," Policy Research Working Paper Series 711, The World Bank.
    • Handle: RePEc:wbk:wbrwps:711
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1991/06/01/000009265_3961001141632/Rendered/PDF/multi_page.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Silverberg, Stanley C., 1990. "The savings and loan problem in the United States," Policy Research Working Paper Series 351, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Gerard Caprio, Jr., 1995. "The role of financial intermediaries in transitional economies," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 42(1), pages 257-302, June.
    2. Caprio, Gerard Jr. & Levine, Ross, 1992. "Reforming finance in transitional socialist economies : avoiding the path from shell money to shell games," Policy Research Working Paper Series 898, The World Bank.
    3. Karp, Larry & STEFANOU, SPIRO, 1991. "Polish Agriculture in Transition: Does it Hurt to be Slapped by an Invisible Hand?," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1vt3c57h, Department of Agricultural & Resource Economics, UC Berkeley.
    4. Hinds, Manuel & Pohl, Gerhard, 1991. "Going to market : privatization in Central and Eastern Market Europe," Policy Research Working Paper Series 768, The World Bank.
    5. Karp, Larry & Stefanou, Spiro, 1991. "Polish Agriculture in Transition: Does it Hurt to be Slapped by an Invisible Hand?," CUDARE Working Papers 198594, University of California, Berkeley, Department of Agricultural and Resource Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sagari, Silvia B. & Chiquier, Loic, 1992. "Coping with the legacies of subsidized mortgage credit in Hungary," Policy Research Working Paper Series 847, The World Bank.

    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:wbk:wbrwps:711. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    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.