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Development and efficiency of the banking sector in a transitional economy: Hungarian experience
Ist Teil von
Journal of banking & finance, 2003-12, Vol.27 (12), p.2249-2271
Ort / Verlag
Amsterdam: Elsevier B.V
Erscheinungsjahr
2003
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
The paper analyzes the experiences and developments of Hungarian banking sector during the transitional process from a centralized economy to a market-oriented system. The paper identifies that early reorganization initiatives, flexible approaches to privatization, and liberal policies towards foreign banks’ involvement with the domestic institutions helped to build a relatively stable and increasingly efficient banking system. Foreign banks and banks with higher foreign bank ownership involvement were associated with lower inefficiency.