Publisher's Synopsis
This book provides detailed, up-to-date information on the financial markets in selected Central European transitioning economies. The analysis is primarily descriptive by design. The independent countries selected for this study are Poland, Hungary, the Czech Republic and the Slovak Republic. The former East Germany is also included due to its proximity to the above countries and its unique experience in the transition process. - - Each country's section of the book contains articles written by professionals in the selected country. These individuals are economists, central bankers and/or analysts who have first-hand knowledge of the financial system. Each section (1) details the development in the banking sector plus the role of the central bank and the government in guiding the economy toward the market system; (2) discusses the emerging capital markets and the ongoing process of privatization; and (3) provides an update of the economic progress toward a market system that has been achieved since 1989.
