631 research outputs found
Eastern Europe's experience with banking reform : is there a role for banks in the transition?
Get PDFAre there lessons to be learned about how Eastern European countries have dealt with problems in their banking systems? What role have these countries assigned to banks during the transition? How have they used banks in dealing with the enterprise problem? The author addresses these questions by analyzing experience in Bulgaria, Hungary, Poland, Romania, and the former Czech and Slovak Federal Republic. Most of these countries have made substantial progress in restructuring their banking systems, but few have used their banking systems to improve the allocation of credit and hence stimulate the supply response. The author finds the following. The problem is not whether banks hold nonperforming loans but how banks can avoid accumulating more nonperforming loans. The underlying problem is how to close loss-making and nonviable enterprises. The countries that have encouraged the establishment of new private banks, that have introduced regulation and supervision, and that have tried to make banks more competitive have been more successful at improving the allocation of credit and achieving more control over loss-making enterprises. Banks must focus on assessing risk - and for this, capital, private ownership, and adequate regulation are crucial. How quickly banks achieve independence in credit decisions depends on how fast new governance structures can be introduced. In this, the five countries have been less successful. The objectives of bank recapitulation should be to prevent banks from accumulating more nonperforming loans (that is, dealing with the enterprise problem) and to give them the governance structure that would prevent them from incurring new nonperforming loans. This requires introducing a system of risk and reward - by making banks comply with capital adequacy requirements, by privatizing a critical number of banks, and by introducing strong regulation and supervision. Government should see that banks provide efficient payment systems, the basis for trust in banking systems. Introducing adequate regulation and supervision has been difficult as it requires knowing what the banks'role should be. Evidence strongly supports the need to recapitalize and privatize a critical number of banks. Authorities cannot rely on banks to exert control on enterprises early in the transition. In the early stages, control over state-owned enterprises should be exercised by a semipublic institution.Banks&Banking Reform,Financial Intermediation,Financial Crisis Management&Restructuring,Municipal Financial Management,Banking Law
Jacob M. Rasmussen
No full textJacob M. Rasmussen is the son of Jacob and Sarah Rasmussen of Lapoint. He married Vergie Blackburn June 18, 1930. He died February 10, 1990
Jacob Merrill Rasmussen
No full textJacob Merrill Rasmussen is the son of Jacob and Sarah Rasmussen of Lapoint. He married Vergie Ellen Blackburn on June 18, 1930. They made their home in Lapoint. He passed away February 10, 1990
A Queen Amongst Women
Get PDFAn issue of The Leisure Hour Library featuring, A Queen Amongst Women. A Novel. By the Author of \u27Dora Thorne.\u27 New Series, Volume I, No. 89, June 26, 1886
Jacob Hullinger
No full textJacob Hullinger is the son of Winfield and Emma Hullinger. He married Leada Penrod in 1934. He passed away
Jacob and Elma Lybbert Family
No full textJacob and Elma Lybbert are pictured with their children. Children are from left, Louise, Lois, Glen and Bernice. Elma passed away in April 1929 and Jacob died on January 19, 1977
Jacob W. and Eliabeth Emily Olsen
No full textJacob W. and Elizabeth Olsen pose for a portrait. Jacob\u27s birth date was June 17, 1863 and he died December 22, 1933. Elizabeth\u27s birth date was June 25, 1874 and she died September 13, 1939
Jacob Wilford Bastian
No full textJacob Wilford Bastian was the husband of Leah Timothy. He lived in Vernal. He died in Salt Lake City December 30, 1964
Profile of John Thorne, producer of the newsletter Simple Cooking and author o
No full textProfile of John Thorne, producer of the newsletter Simple Cooking and author of three Maine cookbooks, all noted for their detailed historical investigation into simple foods. He decries the destruction of Maine culture and cooking, and the encroachment of mediocre food everywhere. He\u27s moving to Massachusetts himself
Mary Eliza Jacob Snyder Preece
No full textMary Eliza Jacob Snyder Preece was the first woman to enter the Ashley Valley. She was the wife of Robert Snyder. She later married William Preece. She was fondly known as Aunt Mary Preece. She passed away February 1, 1933
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