Banking and Financial Stability in Central Europe: Integrating Transition Economies into the European Union

by David Green (Editor), Karl Petrick (Editor)

Overview

The eastwards expansion of the European Union is one of the most explosive economic and political issues of the early 21st century. Economic and financial stability combined with rising prosperity in the applicant countries are increasingly seen as necessary preconditions for European Union membership.

This authoritative volume, written by scholars and practitioners from Central and Western Europe and the United States, confronts the issues involved in three of the countries most likely to be successful applicants to the EU - the Czech Republic, Hungary and Slovenia. A spotlight is turned on the banking and financial industries, as they are crucial to the achievement of economic stability. The blend of expertise deployed, which draws on in-depth knowledge and extensive experience in central banking, financial and commercial law, business, practical policy making and economic analysis, ensures that this book is timely, relevant and insightful.

The authors suggest that the role of the state in both creating and maintaining an effective financial sector is central. Furthermore, they argue that well-regulated commercial banks and strategic foreign investors are a must as, in practice, the attempt to skip straight to modern capital markets has been ruinous.

This accessibly written volume will be of interest to students and scholars of economics, finance, law, political science, the sociology of economic life and European studies.

Product Details

ISBN-13:	9781840645125
Publisher:	Edward Elgar Publishing
Publication date:	06/26/2002
Pages:	240
Product dimensions:	6.12(w) x 9.25(h) x (d)

About the Author

Edited by David Green, Principal, University College Worcester, UK and Karl Petrick, Western New England University, US

Table of Contents

Contents: Preface 1. Introductory Overview Part I: Regulatory Background 2. Evolution of EU Banking: Supervisory Implications 3. Harmonisation and Legal Transplantation of EU Banking Supervisory Rules to Transitional Economies: A Legal Approach Part II: Case Studies 4. Banking Regulation and Supervision in Associated Countries: A Case Study of the Czech Republic 5. An Outline of the Banking Regulation and Supervisory System in Slovenia 6. Hungarian Banking in Transition Part III: Policy Issues and Implications 7. Real Dangers in Banking Crises: Examples of Failed Hungarian Banks 8. Western Rules for Eastern Banking Part IV: Conclusion 9. The New Pragmatism and a New Paradigm: The Transformed Role of the State Index

Editorial Reviews

'. . . this book would be suited to lawyers and non-lawyers alike. In addition, it provides an interesting look at the EU banking system and the systems of Central and Eastern European countries.'

Ellie Palmer

Green (economics, Thames Valley U., UK) and Petrick (economics, Leeds Metropolitan U., UK) present nine papers examining issues raised by the transition of the banking sector in the countries of the Czech Republic, Slovenia, and Hungary. Opening chapters discuss the broad outlines of the banking sector of the EU, their impact of regulatory and supervisory issues, and the association agreements that have been entered into by the Central European countries. Separate analyses are made of the three countries banking sectors. Finally policy issues and implications raised by the analyses are examined, including the relationship between the financial sector and the productive sector and the choice of banking system model. A final overview sums up the preceding material. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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