IMF Working Papers

Financial Sector Evolution in the Central European Economies: Challenges in Supporting Macroeconomic Stability and Sustainable Growth

ByNancy L Wagner, Dora M Iakova

September 1, 2001

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Nancy L Wagner, and Dora M Iakova. "Financial Sector Evolution in the Central European Economies: Challenges in Supporting Macroeconomic Stability and Sustainable Growth", IMF Working Papers 2001, 141 (2001), accessed 12/21/2025, https://doi.org/10.5089/9781451856187.001

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an assessment of remaining challenges, with a focus on the role of the financial sector in supporting macroeconomic stability and sustainable growth.

Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Financial sector, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Financial services

Keywords: addressing bank illiquidity, bank assets, bank performance, bank privatization, banking system, bond market, Central and Eastern Europe, central bank, Central Europe, Commercial banks, contractionary monetary policy, coverage ratio, EU accession, Europe, exchange rate, financial sector, Financial Sector Assessment Program, Financial sector stability, Global, market liquidity, market participant, private sector, restructuring program, transition, venture capital, Western Europe, WP

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