Banking and Monetary Policy in Eastern Europe

1. Front Matter

   Pages i-xiv

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2. Introduction

   1. Introduction

      • Adalbert Winkler

      Pages 1-8

3. Keynote Address

   1. Front Matter

      Pages 9-9

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   2. Financial Sector Development in Central and Eastern Europe

      • Lajos Bokros

      Pages 11-40

4. The Governance of Banks in Emerging Financial Systems

   1. Front Matter

      Pages 41-41

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   2. Governance and Restructuring of Commercial Banks

      • Claudia M. Buch

      Pages 43-71

   3. Refinancing Banks in an Unstable Financial Environment

      • Werner Neuhauss

      Pages 72-86

5. Financial Crises in Retrospect

   1. Front Matter

      Pages 87-87

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   2. Models of Financial Crises and the ‘Boom’ of Financial Crises in Transition Countries

      • Zsófia Árvai, János Vincze

      Pages 89-103

   3. Promoting Financial Development: Lessons from Poland

      • Zbigniew Polanski

      Pages 104-124

   4. The Financial Sector in Macroeconomic Adjustment Programmes

      • Gerwin Bell

      Pages 125-141

6. Financial Development in Eastern Europe: Looking Ahead

   1. Front Matter

      Pages 143-143

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   2. EU Accession Countries: What Path to Successful EMU Membership?

      • Peter Bofinger, Timo Wollmershäuser

      Pages 145-184

   3. Financial Institution-Building in Eastern Europe

      • Claus-Peter Zeitinger

      Pages 185-204

   4. The Development of the Banking Sector in Eastern Europe: The Next Decade

      • Christa Hainz, Monika Schnitzer

      Pages 205-216

7. Back Matter

   Pages 217-225

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At the beginning of the transition process, the countries of Central and Eastern Europe faced the task of creating a functioning financial system where none had existed before. A decade later, high-level practitioners and well-known experts take stock of banking and monetary policy in the region, centring on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.

• banking
• development
• macroeconomics
• monetary policy

• University of Würzburg, Würzburg, Germany

  Adalbert Winkler

ZSOFIA ARVAI Economics and Research Department, National Bank of Hungary GERWIN BELL Senior Economist, International Monetary Fund's European I Department PETER BOFINGER Professor of Economics, University of Würzburg LAJOS BOKROS Director of Financial Advisory Service, Europe and Central Asia, The World Bank CLAUDIA BUCH Head of Research Group, Financial Markets, Kiel Institute of World Economics CHRISTA HAINZ Economics Postgraduate, Lugwig-Maximilians-University, Munich WERNER NEUHAUSS Senior Project Manager and Financial Sector Specialist, Kreditanstalt für Wiederaufbau (KfW), Germany's Development Bank, Frankfurt ZBIGNIEW POLANSKI Professor of Money and Banking, Warsaw School of Economics and Advisor to the President of the National Bank of Poland MONIKA SCHNITZER Professor of Economics, Lugwig-Maximilians-University JÁNOS VINCZE Advisor, Research and Economics Department, National Bank of Hungary TIMO WOLLMERSHÄUSER Research Assistant, Department of Economics, University of Würzburg CLAUS-PETER ZEITINGER Founder and Managing Director, Internationale Projekt Consult (IPC) GmbH, Frankfurt

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