`Financial industries in central, eastern and south-eastern   Europe have undergone dramatic changes over the past decade. Foreign direct   investment contributed to the development of market-oriented banking and   financial systems able to support the rapid pace of economic growth in   these countries. Policymakers, academics and private sector analysts have   contributed to this volume with their stimulating insights on a broad range   of issues, from recent credit booms to the cross-border integration of   banking and capital markets. Anyone who wants to understand how finance,   growth and financial stability interact in transition economies should read   this book.'  - Mario Draghi, Governor of the Banca d'Italia and Chairman of the   Financial Stability Forum    This book highlights the achievements and challenges of the ongoing   process of financial integration in Europe.     The financial integration of Europe is both welcomed as an economic   driving force and watched with concern as a source of potential stability.   After all, changing financial, regulatory and corporate ownership   structures are fuelling competition, capital mobility and financial   intermediation, but at the same time creating new systemic risks. With a   special focus on Central, Eastern and South-Eastern Europe, the   contributors to this book explore a wide spectrum of underlying issues,   including the finance-growth nexus, credit boom patterns, the implications   of foreign bank entry modes, lessons learned from old EU member states and   commercial bank strategies. Authoritative views from central bank officials   and policymakers are complemented with a special focus on empirical and   econometric evidence from academia as well as practical insights from key   financial market players.     This unique collection will be of great interest to economists and   experts in the fields of financial markets and European integration from   central, commercial and investment banks, governments, international   organizations, universities and research institutes.

Financial Development, Integration And Stability: Evidence from Central, Eastern And South-Eastern Europe PDF

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