- Preface to Paperback Edition
- List of Figures
- List of Tables
- List of Abbreviations
- List of Contributors
- Banking an Overview
- The Roles of Banks in Financial Systems
- The Accelerating Integration of Banks and Markets and its Implications for Regulation
- Risk Management in Banking
- Liquidity Production in Twenty-first-century Banking
- Diversification in Banking
- Universal Banking
- The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness
- Central Banking
- The Role of Banks in the Transmission of Monetary Policy
- Lender of Last Resort and Bank Closure Policy
- Regulation and Supervision: An Ethical Perspective
- Deposit Insurance
- Risk-Based Regulatory Capital and Basel II
- Market Discipline in Bank Supervision
- Competition and Antitrust Policy in Banking
- World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-Country Analysis
- Efficiency in Banking: Theory, Practice, and Evidence
- Technological Change, Financial Innovation, and Diffusion in Banking
- Banking Globalization: International Consolidation and Mergers in Banking
- Small Business Lending
- Consumer Lending
- Residential Mortgages
- Securitization: Instruments and Implications
- Systemic Risk in Banking: An Update
- Banking Crises
- The Great Depression and Other ‘Contagious’ Events
- Payments Systems
- Finance and Economic Development: The Role of Government
- Banking and Real Economic Activity
- Banking in the United States
- Banking in the European Union
- Banking in Transition Countries
- Banking in Latin America
- Banking in Japan
- Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure
Abstract and Keywords
This article examines banking in transition countries. Given the centralized planning systems adopted by Soviet Bloc countries, banking in the transition countries is a relatively recent phenomenon. Attempts were made to establish a banking industry amidst the economic chaos following the fall of Communism in the late 1980s and early 1990s. Unsurprisingly, things went wrong and banking crises occurred. In response, banks were privatized and regulations enacted. It is argued that banking structures in transition countries are now for the most part populated by privately owned (mainly foreign), relatively well-capitalized banks overseen by a set of regulations and supervision.
John P. Bonin is the Chester D. Hubbard Professor of Economics and Social Science at Wesleyan University in Connecticut. Bonin was the Editor of the Journal of Comparative Economics from 1996 to 2006. He has worked as a consultant for the World Bank, the United Nations, the US Treasury, the Institute for EastWest Studies, the Institute for International Economics (WIIW) in Vienna, and the 1990 Institute.
Iftekhar Hasan is the E. Gerald Corrigan Chair in International Business and Finance at the Schools of Business of Fordham University, New York. His research focus is primarily in the area of financial intermediation and corporate finance. He serves as a scientific advisor of the Bank of Finland; a visiting scholar at the Federal Reserve Bank of Atlanta; and a Research Associate at the Berkley Center of New York University.
Paul Wachtel is Professor of Economics at the Stern School of Business at New York University where he has been on the faculty for thirty-five years and has served as Department Chair and Vice Dean. Wachtel is an associate editor of Journal of Banking & Finance and of Journal of Financial Stability. He has been a consultant for the World Bank, the European Bank for Reconstruction and Development, the Croatian National Bank, and the Bank of Finland.
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