Author: Stefania P. S. Rossi
Publisher:
ISBN:
Category : Bank management
Languages : en
Pages : 56

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Book Description

Author: Stefania P. S. Rossi
Publisher:
ISBN:
Category :
Languages : en
Pages : 33

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Book Description

Author: S. P. R. Rossi
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description

Author: Klaus Liebscher
Publisher: Edward Elgar Publishing
ISBN: 1847203035
Category : Political Science
Languages : en
Pages : 570

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Book Description
Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1484310217
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. This suggests that the high NPLs that many CESEE countries currently face adversely affect the pace of economic recovery. The note also evaluates different policy options to achieve permanent fiscal consolidation in Hungary. A fiscal consolidation based on a reduction in government transfers can stimulate labor participation, and a resulting increase in the returns to capital can increase investment and output in the long term.

Author: Nir Klein
Publisher: International Monetary Fund
ISBN: 1484388631
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011. The paper finds that the level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors, though the latter set of factors was found to have a relatively low explanatory power. The examination of the feedback effects broadly confirms the strong macro-financial linkages in the region. While NPLs were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation, the analysis also indicates that there are strong feedback effects from the banking system to the real economy, thus suggesting that the high NPLs that many CESEE countries currently face adversely affect the pace economic recovery.

Author: H. Semih Yildirim
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This study examines the cost and profit efficiency of banking sectors in twelve transition economies of Central and Eastern Europe (CEE) over the period 1993-2000, using the stochastic frontier approach (SFA) and the distribution free approach (DFA). The paper follows a two-step approach: First, the efficiency estimates are obtained by employing a multi-product translog cost function. Then these estimates are regressed on a set of determinants. The managerial inefficiencies in CEE banking markets were found to be significant, with average cost efficiency level for 12 countries 72 and 76 percent by DFA and SFA. The alternative profit efficiency levels are found to be significantly lower relative to cost efficiency. According to SFA, approximately one-third of banks' profits are lost to inefficiency, and almost one-half according to the DFA. The higher efficiency levels are associated with larger size, higher profitability and equity. The level of competition and GDP growth are found to increase efficiency while market concentration is negatively linked to efficiency. Finally, foreign banks are found to be more cost efficient but less profit efficient relative to domestically owned private banks and state-owned banks.

Author: Lenka Štofová
Publisher: CRC Press
ISBN: 135167272X
Category : Business & Economics
Languages : en
Pages : 582

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Book Description
Dynamic economics, technological changes, increasing pressure from competition and customers to improve manufacturing and services are some of the major challenges to enterprises these days. New ways of improving organizational activities and management processes have to be created, in order to allow enterprises to manage the seemingly intensifying competitive markets successfully. Enterprises apply business optimizing solutions to meet new challenges and conditions. But also ensuring effective development for long-term competitiveness in a global environment. This is necessary for the application of qualitative changes in the industrial policy. “New Trends in Process Control and Production Management” (MTS 2017) is the collection of research papers from authors from seven countries around the world. They present case studies and empirical research which illustrates the progressive trends in business process management and the drive to achieve enterprise development and sustainability.

Author: Adalbert Winkler
Publisher: Springer
ISBN: 1403907684
Category : Business & Economics
Languages : en
Pages : 235

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Book Description
At the beginning of the transition process, the countries of Central and Eastern Europe faced the task of creating a functioning financial system where none had existed before. A decade later, high-level practitioners and well-known experts take stock of banking and monetary policy in the region, centring on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.

Author: Bang Nam Jeon
Publisher: Emerald Group Publishing
ISBN: 1839820608
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
This edited volume of International Finance Review examines the rising challenges facing emerging financial markets and institutions. It provides significant insight and policy implications on topics including global banking, risk and contagion, stock market behaviour, financial inclusion in the major emerging economies, and more.