Credit crisis and the role of banks during transition:a five-country comparison
This paper compares the evolution of enterprise credit during transition, in five relatively advanced countries, where macroeconomic framework has been rapidly stabilised, namely: the Czech Republic, Estonia, Hungary, Poland, and Slovenia. Aggregate monetary and financial time-series published by the Central Banks have been used as the main data sources. It makes the interpretation of mostly micro-level evolutions difficult, but it also allows for sounder comparisons than those which may be derived from the many sample surveys developed in recent years.
FINANCIAL POLICY; BANKS; credit; international comparison; CEECs
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