Financial Sector Evolution in the Central European Economies: Challenges in Supporting Macroeconomic Stability and Sustainable Growth
IMF Working Papers, September 1, 2001
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- Financial Sector Evolution in the Central European Economies: Challenges in Supporting Macroeconomic Stability and Sustainable Growth
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Bibliographic details
- Authors: Nancy L Wagner, Dora M Iakova
- Published: September 1, 2001
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451856187.001
Summary
- Paper scope: 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.
- Purpose: 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.
- Authors: Nancy L Wagner, Dora M Iakova
- Date: September 1, 2001
- Series: IMF Working Papers; Working Paper No. 2001/141
Major findings and assessment themes
- Coverage: Financial systems development in the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia—economies that are leading EU accession candidates.
- Focus areas highlighted in the source:
- Banking, Commercial banks
- Economic sectors, Financial institutions, Financial sector
- Financial sector stability and Financial Sector Assessment Program
- Financial sector policy and analysis and Financial services
- Keywords and topical emphases (as listed):
- 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
Policy implications and challenges (as presented)
- Role of the financial sector: Emphasized as central to supporting macroeconomic stability and sustainable growth in transition economies covered.
- Remaining challenges: Assessment oriented toward identifying ongoing structural, regulatory, and market-development gaps that impede the financial sector’s capacity to support macroeconomic objectives (themes drawn from subject and keywords listed).