Dealing with Financial Fragility in Transition Economies

SYSTEMIC FINANCIAL CRISES: RESOLVING LARGE BANK INSOLVENCIES, D. Evanoff, G. Kaufman, eds., World Publishing, 2005

14 Pages Posted: 4 Aug 2006

See all articles by John Bonin

John Bonin

Wesleyan University - Economics Department

Paul Wachtel

New York University - Stern School of Business

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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.

Keywords: Banking, bank crises, transition economies

JEL Classification: G21, P34

Suggested Citation

Bonin, John P. and Wachtel, Paul, Dealing with Financial Fragility in Transition Economies. SYSTEMIC FINANCIAL CRISES: RESOLVING LARGE BANK INSOLVENCIES, D. Evanoff, G. Kaufman, eds., World Publishing, 2005, Available at SSRN: https://ssrn.com/abstract=621681

John P. Bonin

Wesleyan University - Economics Department ( email )

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

Paul Wachtel (Contact Author)

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

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