Tags → post-communist

Improving Monetary Theory in Post-Communist Countries – Looking Back to Cantillon: May 15, 2007 09:50
This article tries to broaden and elaborate microeconomic analysis on how money effects on particular economic agents.

Monetary and Credit Policy No comments yet
Tags: money, economic, agents, post-communist, countries
Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries: May 15, 2007 09:54
To understand the transformation of banking in the post-communist transition, this paper examines the cost efficiency of 289 banks in 15 east European countries. The findings showed that banking systems in which foreign-owned banks have a larger share of total assets record lower costs and that the association between a country’s progress in banking reform and cost efficiency is non-linear. Early stages of reform are associated with cost reductions, while costs tend to rise at more advanced stages. Private banks are more efficient than state-owned banks, but there are differences among private banks. Privatised banks with majority foreign ownership are the most efficient and those with domestic ownership are the least.

Banking Sector No comments yet
Tags: bank, cost, efficiency, post-communist, soviet