Financial Policy in Transition Economics: Architecture, Pace and Sequencing

Title
Financial Policy in Transition Economics: Architecture, Pace and Sequencing
Publication Date
2008
Author(s)
Akimov, Alexandr V
Dollery, Brian Edward
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
ME Sharpe, Inc
Place of publication
United States of America
DOI
10.2753/PET1061-1991500901
UNE publication id
une:4375
Abstract
In the aftermath of the collapse of communism in Eastern Europe, transition economies faced acute problems in transforming their economic institutions to be compatible with a market economy, including the financial sector. This article explores some of the major problems involved in this transformation process posed by restructuring of the financial system and the pace and sequencing of financial reform. The article considers bank-dominated and market-oriented financial system design; "shock therapy" as against "gradualism" in reform; the scope of financial sector reforms and liberalization; and the optimum sequencing of financial sector liberalization
Link
Citation
Problems of Economic Transition, 50(9), p. 6-26
ISSN
1557-931X
1061-1991
Start page
6
End page
26

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