Dealing with Financial Fragility in Transition Economies

30 Pages Posted: 19 Sep 2007

See all articles by John Bonin

John Bonin

Wesleyan University - Economics Department

Paul Wachtel

New York University - Stern School of Business

Multiple version iconThere are 3 versions of this paper

Date Written: December 30, 2004

Abstract

We examine the efforts of transition economies to deal with financial fragility and resolve banking cries We characterize the birthing process of banking in transition and the three essential features of banking crises in transition economies:

(i) bad loans and the relationship to state owned industries, (ii) development of institutional infrastructure and (iii) credible commitments to resolution and privatization.

We then discuss the experiences of seven important transition countries in order to identify the salient features of their efforts to resolve banking crises.

Suggested Citation

Bonin, John P. and Wachtel, Paul, Dealing with Financial Fragility in Transition Economies (December 30, 2004). Available at SSRN: https://ssrn.com/abstract=1015452 or http://dx.doi.org/10.2139/ssrn.1015452

John P. Bonin (Contact Author)

Wesleyan University - Economics Department ( email )

Middletown, CT 06459
United States
203-685-2000 (Phone)

Paul Wachtel

New York University - Stern School of Business ( email )

44 West 4th St.
New York, NY 10012
United States
212-998-4030 (Phone)
212-995-4218 (Fax)

HOME PAGE: http://www.stern.nyu.edu/~pwachtel

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
60
Abstract Views
799
rank
231,372
PlumX Metrics