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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Foreign-Owned Banks: The Role of Ownership in Post-Communist European Countries

Foreign-Owned Banks: The Role of Ownership in Post-Communist European Countries

Iwanicz-Drozdowska, Malgorzata
Bongini, Paola
Smaga, Pawel

Paperback

Series: Studies in Economic Transition

AccountingEconomics

ISBN10: 3030404439
ISBN13: 9783030404437
Publisher: Palgrave Macmillan
Published: Jan 17 2020
Pages: 236
Weight: 0.63
Height: 0.50 Width: 5.83 Depth: 8.27
Language: English

This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and economic growth in the post-communist European countries. Using data covering 20 countries over the period from 1995 to 2015, the authors analyse the evolution of banking sectors in CESEE after the transformation in the historical context. This helps draw a new picture of the role of financial development and EU accession in that region, being also a lesson for other countries or regions in transition. Additionally, as the Global Financial Crisis has left a stigma in banking sectors, the book shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries (the stake of foreign-owned banks is below 50% of assets in only five out of 20 countries), their strategies materially impact the development of CESEE banking sectors, which warrants our scientific exploration.

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