Name: institutions in transition
SKU: 3410090
Price: 4987.00 TWD
Availability: InStock
Author: román
ISBN: 9780792383840

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Type

Physical Book

Publisher

Springer

Author

román

Language

English

Pages

236

ISBN

0792383842

ISBN13

9780792383840

Synopsis "institutions in transition"

the ongoing transformation of centrally planned societies into market economies poses many difficult questions regarding large-scale institutional reform - how far to go, how fast, and in which order? financial intermediation is one sector in which the gap between socialism and capitalism is particularly large, and the development of commercial banking has often proved to be a bottleneck in the reform process. institutions in transition explores the development of the vietnamese state banks, focusing on the situation in the early 1990s. it highlights the lengthy process of altering the formal and informal rules governing the bank organizations. the prevailing socialist ideology implies that state ownership remains, enabling the government to intervene in banks operations. the ideologys informal role is arguably even more important, because it leaves unclear how bankers should act when profit maximization conflicts with social responsibility. in the period of transition formal and informal rules are unclear. uncertainty prevails as long as bankers and banking authorities have only partially converted to a new set of norms. accordingly, the formal financial sector fails to flourish.