Wow! eBook
Financial Development, Integration and Stability: Evidence from Central, Eastern and South-Eastern Europe
Author(s): Klaus Liebscher (Editor), Josef Christl (Editor), Peter Mooslechner (Editor), Doris Ritzberger-Grünwald (Editor)
- Publisher: Edward Elgar Publishing Ltd
- Publication Date: 28 Nov. 2006
- Language: English
- Print length: 576 pages
- ISBN-10: 1845429672
- ISBN-13: 9781845429676
Book Description
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.
Editorial Reviews
Review
‘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
About the Author
Edited by Klaus Liebscher, Governor, Oesterreichische Nationalbank, Josef Christl, Managing Director, Macro-Consult e. U., Peter Mooslechner, formerly Oesterreichische Nationalbank and Doris Ritzberger-Grünwald, Director, Oesterreichische Nationalbank, Austria
