Journal of Banking & Finance Vol. 27 No. 12 2003
Development and efficiency of the banking sector in a transitional economy: Hungarian experience
Abstract
The paper analyzes the experiences and developments of Hungarian banking sector during the transitional process from a centralized economy to a market-oriented system. The paper identifies that early reorganization initiatives, flexible approaches to privatization, and liberal policies towards foreign banks’ involvement with the domestic institutions helped to build a relatively stable and increasingly efficient banking system. Foreign banks and banks with higher foreign bank ownership involvement were associated with lower inefficiency.
- DOI
- 10.1016/s0378-4266(02)00328-x
- Volume
- 27
- Issue
- 12
- Pages
- 2249-2271
- Language
- en
- Sources
- openalex crossref bibtex:phds-export.bib