9 Revising Financial Sector Policy in Transitional Socialist Economies: Will Universal Banks Prove Viable?
Author:
David H. Scott
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Language:
English
Print Publication Date:
15 Jun 1994
Keywords:
BOOK; bank; central bank; firm; market; payment; bank privatization; payment system; bank supervisor; restructuring program; bank portfolio; Commercial banks; Credit; Payment systems; Stock markets; Distressed assets; Eastern Europe; Central and Eastern Europe; Europe; North America; Western Europe; nonbank transaction; risks bank; functioning bank; insurance supervisor; Financial sector; Financial conglomerates; Financial sector stability

Abstract

This paper focuses on efforts under way in most transitional socialist economies to revise and update financial sector regulatory policy. It questions whether the banks that emerge under the new policy framework will be supervisable or prove viable. The paper offers a model of financial sector structure designed to foster the development of a sound banking system.

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Cover Building Sound Finance in Emerging Market Economies
Building Sound Finance in Emerging Market Economies
Proceedings of a Conference held in Washington, D.C., June 10-11, 1993
ISBN:
9781557753809
Publication Date:
15 Jun 1994
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557753809.071
Pages:
371