Аннотация к книге "Privatization of Money. Czech Banks in Transition"
One of the strategic choices at the beginning of the Czech transition was to rely on the banking sector as a financial backing of the transition. The Government rhetorically proposing market but implicitly pursuing a velvet transition did not privatize the big banks. As a result Czech economy found itself in a reform trap at the end of the transition decade. The book goes back and tracks the strategic decisions of the policy makers. A special interest is paid to the banking supervisor, the...
One of the strategic choices at the beginning of the Czech transition was to rely on the banking sector as a financial backing of the transition. The Government rhetorically proposing market but implicitly pursuing a velvet transition did not privatize the big banks. As a result Czech economy found itself in a reform trap at the end of the transition decade. The book goes back and tracks the strategic decisions of the policy makers. A special interest is paid to the banking supervisor, the Czech National Bank. CNB cooperated with the Government as the principal owner of the big banks and embarked on a kind of fiscal speculation. The absorbtion capacity of the big banks did not help to avoid a heavy burden of classified loans. It rather aggravated it by postponing the solution. That invited excessive risk taking and fraud along with just "financing transition."
Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения заказа.
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