2002 Fiscal Year Final Research Report Summary
An Empirical Research on the Reform of Money Markets in Central Europe,
| Project/Area Number |
13630049
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
経済政策(含経済事情)
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| Research Institution | Shiga University |
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Principal Investigator |
FUKUDA Toshihiro FUKUDA,Toshihiro, 経済学部, 教授 (20079015)
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| Project Period (FY) |
2001 – 2002
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| Keywords | system transition in Central Europe / reform of the money market / reform of the banking system / prudence policy / converging movement to the standards of the EU |
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| Research Abstract |
The object of this research is to investigate empirically the institutional reform of money markets in Poland, the Czech Republic and Hungary. In order to attain this object, I adopted the approach of comparative economic systems and, using a lot of statistical and financial data, attempted to investigate the real conditions of the institutionalization of Western-type money markets, especially of the modern banking system, in these countries.
Important results obtained from this research may be summarized as follows:
(1) on going institutionalization of the modern money markets in Poland, the Czech Republic and Hungary is converging to the financial standards of the EU;
(2) these three countries made good progress in restructuring its b system among the post-socialist countries;
(3) the second stage of banking restructuring since the mid-1990s is characterized above all else by the increased participation of foreign banks in privatization and the consolidation of these countries' banking system.
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