Bokros, LajosFleming, AlexanderVotava, CariBokros, LajosFleming, AlexanderVotava, Cari2013-06-192013-06-192001-070-8213-4814-0https://hdl.handle.net/10986/14012The financial sectors of the post-communist economies of Europe and Central Asia are perhaps where the most intractable problems existed and where the most difficult reforms were forced to begin. This report examines the factors that influenced, and will influence, the adaptation of ECA's financial systems, starting from an examination of how the global financial system--especially the Western European component--has evolved, and how these developments have both influenced and challenged different types of transition economies. The report also provides an opportunity to take stock of progress in the financial systems of ECA countries over the past 10 years and to identify the main challenges confronting financial policymakers during this period.en-USCC BY 3.0 IGOBALANCE SHEETSBANK LENDINGBANKING CRISESBANKING CRISISBANKING REGULATIONBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBANKING SYSTEMSBANKSBOOK VALUECAPITAL ADEQUACYCAPITAL FLOWSCAPITAL MARKET SUPERVISIONCAPITAL MARKETSCENTRAL BANKINGCENTRAL PLANNINGCOLLUSIONCOMPARATIVE ANALYSISCONSOLIDATIONCORPORATE GOVERNANCECROATIAN NATIONAL BANKDEPOSITSDEREGULATIONDEVELOPMENT BANKSDOMESTIC STOCK MARKETSEARNINGS GROWTHECONOMIC GROWTHECONOMIC SYSTEMSECONOMICSECONOMIES OF SCALEEFFECTIVE BANKING SUPERVISIONEMERGING ECONOMIESEUROPEAN CENTRAL BANKFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEEPENINGFINANCIAL INNOVATIONFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL INTERMEDIATIONFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SECTOR REFORMFINANCIAL SYSTEMSFISCAL POLICIESFOREIGN BANKSGDPGLOBALIZATIONGOVERNMENT POLICIESGROSS NATIONAL PRODUCTGROSS NATIONAL PRODUCT PER CAPITAIMPAIRED ASSETSINSURANCEINTERNATIONAL FINANCEINTERNATIONAL MONETARY FUNDINVESTOR PROTECTIONLEGAL INFRASTRUCTURELEGAL SYSTEMSLEGISLATIONLIQUIDATIONMACROECONOMIC STABILIZATIONMARKET ECONOMIESMARKETABLE SECURITIESMERGERSMONETARY POLICYNONBANK FINANCIAL INSTITUTIONSNONPERFORMING LOANSOPEN ECONOMIESPORTFOLIOSPRIVATIZATIONPRUDENTIAL REGULATIONPRUDENTIAL REGULATION AND SUPERVISIONPRUDENTIAL SUPERVISIONRECAPITALIZATIONREGULATORY FRAMEWORKSAVINGSSECURITIES MARKETSSTATE BANKSSTATE ENTERPRISESSTATE OWNERSHIPSTOCK MARKETSSUPERVISORY FRAMEWORKTELECOMMUNICATIONSTRADINGTRANSITION ECONOMIESVOLATILITYVULNERABILITYWorld Bank10.1596/0-8213-4814-0