Soft budget constraints and credit crunches in financial transition

European Economic Review

Volumn 41, Issue 3-5, 1997, Pages 807-817

  Berglöf, Erik ^a,b,c   Roland, Gérard ^b  

^a STOCKHOLM SCHOOL OF ECONOMICS   (Sweden)

^b UNIVERSITÉ LIBRE DE BRUXELLES   (Belgium)

^c CEPR   (United Kingdom)

Author keywords

Banking reform; Credit crunch; Creditor passivity; Financial transition; Soft budget constraints

Indexed keywords

BANKING SECTOR; BUDGET CONSTRAINT; SECTORAL REFORM; TRANSITIONAL ECONOMY;

EID: 0031423248     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(97)00055-X     Document Type: Article

References (8)

1. Abel, I., 1994, A gradual approach to banking reform: The Hungarian bad loans problem, Mimeo. (Budapest University of Economics, Budapest).
2. Anderson, R., 1994, Transition banking: Poland 1989-1994, Mimeo. (Université Catholique de Louvain, Louvain-la-Neuve).
3. Berglöf, E. and G. Roland, 1995, Bank restructuring and soft budget constraints in financial transition, Journal of Japanese and International Economies 9, 354-375.
4. Bonin, J. and M. Shaffer, 1994, Banks, firms, bad debts and bankruptcy in Hungary 1991-1994, Discussion paper no 234 (Centre for Economic Performance, London School of Economics, London).
5. Dewatripont, M. and E. Maskin, 1995, Credit and efficiency in centralized and decentralized economies, Review of Economic Studies.
6. Dittus, P., 1994, Corporate governance in Central Europe: The role of banks, Mimeo. (Bank of International Settlements, Basel).
7. Kornai, J., 1992, The socialist system: The political economy of communism (Princeton University Press, Princeton, NJ).
8. Qian, Y. and G. Roland, 1994, Regional decentralization and the soft budget constraint: The case of China, Mimeo. (Université Libre de Bruxelles, Brussels).