Lessons from Bank Privatization in Central Europe
dc.contributor.author | Bonin, John P. | en_US |
dc.contributor.author | Wachtel, Paul | en_US |
dc.date.accessioned | 2006-08-01T15:51:15Z | |
dc.date.available | 2006-08-01T15:51:15Z | |
dc.date.issued | 1999-05-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:1999-245 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39631 | en_US |
dc.description.abstract | In the three fast track, Central European transition countries, Hungary, Poland and the Czech Republic, bank restructuring and privatization involved different approaches and met with a variety of outcomes. Hence, these experiences in otherwise similar transition economies provide important lessons for bank privatization in other transition countries and in developing economies. If an independent market-oriented banking sector is the overriding goal, three fundamental conclusions emerge. First, bank restructuring and privatization must be sequenced carefully to create the appropriate incentives for lending on a commercial basis only in the future. Second, privatization requires a credible transfer of proper corporate culture is most easily established by attracting a strategic investor, preferably a foreign financial institution. | en_US |
dc.format.extent | 25 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 2078982 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 245 | en_US |
dc.subject | Bank Privatization, Bad Loans, Bank Restructuring, Financial Sector Reform, Transition Economies | en_US |
dc.subject.other | P34, G21, P52 | en_US |
dc.title | Lessons from Bank Privatization in Central Europe | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39631/3/wp245.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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