Publications → Privatization and SME → Development of private sector

Financial structures to promote private sector development in south-eastern Europe

This paper investigates the extent to which the financial sector in south-eastern Europe (SEE) responds to the needs of the local private sector. It does so through an analysis of the sources of finance used by enterprises when making fixed investments, and by looking at the level of banking intermediation and the (lack of) development of the non-banking financial sector. Enterprises in SEE are found to rely mainly on internal funds to finance expansion.

Link http://www.ebrd.org/pubs/econo/wp0064.htm
Author Pissarides, F
Date Jun 2001
Institute EBRD
Tags finance, private, sector, investment, bank, enterprise, SEE

See also

  1. Lessons From the Russian Crisis: Five Years After
  2. Spotlight on south-eastern Europe
  3. Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe
  4. What should the multilateral development banks do?
  5. Foreign bank participation and crises in developing countries

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