Publication:
Financial Systems in Western Balkans: Present and Future

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2016-08-25T20:19:54Z
dc.date.available2016-08-25T20:19:54Z
dc.date.issued2016-06
dc.description.abstractFollowing a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest post-crisis recovery, the region continues to struggle with structural problems that undermine economic growth. Prospects for the region remain significantly dependent on external developments—but also progress on structural reform agendas. Against this backdrop, further financial deepening and improved financial stability are essential to boosting sustainable growth. The size and structure of the financial sector varies considerably across the Western Balkan countries and is primarily bank-based. In the near term, policymakers and regulators in the region face a number of challenges with regard to supporting economic growth, expanding financial inclusion, and maintaining financial stability. Banking regulation and oversight have improved over the last decade, but a number of important shortcomings in some segments remain. The book is arranged as follows: While the snapshot in Chapter one focuses on near term challenges and policy responses with regard to financial sector development and stability, the following chapters look more broadly at the external context and take a longer term view on challenges and opportunities that could present themselves over the next decade. It does so not by proposing a single forecast, or view of the future, but by exploring key uncertainties and applying the tool of scenario thinking to create three different visions for the world around the Western Balkans financial systems in 2025 aimed at informing the development of financial sector strategies that contribute to the country’s overall success in sustainable and inclusive growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/07/26603683/financial-systems-western-balkans-present-future
dc.identifier.doi10.1596/24949
dc.identifier.urihttps://hdl.handle.net/10986/24949
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectfinancial system
dc.subjectbanking sector
dc.subjectsafety nets
dc.subjectuncertainty
dc.subjectvolatility
dc.titleFinancial Systems in Western Balkansen
dc.title.subtitlePresent and Futureen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleFinancial Systems in Western Balkans
okr.date.disclosure2016-07-27
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/2016/07/26603683/financial-systems-western-balkans-present-future
okr.guid517851469609652456
okr.identifier.doi10.1596/24949
okr.identifier.externaldocumentum090224b0844946c0_1_0
okr.identifier.internaldocumentum26603683
okr.identifier.report107236
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/07/27/090224b0844946c0/1_0/Rendered/PDF/Financial0syst000Present0and0future.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEastern Europe
okr.sectorFinance
okr.themeFinancial and private sector development :: International financial standards and systems
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.unitF&M GP ECA-1 - IFC (GFM03)
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