VII Credibility and Prudential Supervision
Author: Mr. Guillermo Calvo1, Mr. Eduardo Borensztein, Mr. Paul R Masson, and Mr. Manmohan S. Kumar
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
OP; market; current account convertibility; stabilization policy; PCPEs; convertibility; price liberalization; market mechanism; privatization process; Exchange rates; Commercial banks; Exchange rate arrangements; Stock markets; Credit; Eastern Europe; Europe; Central and Eastern Europe; loan portfolio; reform process; insurance scheme; bank illiquidity; problem bank; Deposit insurance; Lender of last resort

Abstract

This section discusses issues related to promoting stability in the banking system and examines some of the pitfalls that are inherent in the reform process. The strength of the emerging market-oriented payments system of the PCPEs depends on the stability of the banking system. A stable banking system would enhance the financial intermediation process, which, in turn, could lead to an improvement in the savings performance as well as to a more efficient allocation of investment resources.

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Cover Financial Sector Reforms and Exchange Arrangements in Eastern Europe
Financial Sector Reforms and Exchange Arrangements in Eastern Europe
Author: Mr. Guillermo Calvo, Mr. Eduardo Borensztein, Mr. Paul R Masson, and Mr. Manmohan S. Kumar
ISBN:
9781557752796
ISSN:
0251-6365
Publication Date:
15 Feb 1993
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557752796.084
Pages:
66