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150128 ||| eng |
| 020 |
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|a 9781451855555
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| 245 |
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|a Financial Sector Reform and Banking Crises in the Baltic Countries
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1996
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| 300 |
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|a 52 pages
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| 651 |
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4 |
|a Latvia, Republic of
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a Loans
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| 653 |
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|a Banking
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| 653 |
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|a Bank credit
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| 653 |
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|a Money
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Mortgages
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| 653 |
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|a Foreign banks
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| 653 |
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|a Banks and banking, Foreign
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| 653 |
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|a Banks
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Finance
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| 653 |
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|a Banking crises
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| 653 |
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|a Monetary economics
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial crises
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| 653 |
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|a Financial Crises
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Commercial banks
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| 653 |
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|a Credit
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial institutions
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| 710 |
2 |
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|a International Monetary Fund
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451855555.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1996/134/001.1996.issue-134-en.xml?cid=2095-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector
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