Financial regulation and financial system architecture in Central Europe

Bert Scholtens*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

29 Citations (Scopus)


At the beginning of the transition, advice to Central European countries with respect to how to set up their financial systems was based on models used in western economies. This paper analyzes the experiences to set up a financial system in Central Europe. The experience in the first transition years (1990-1996) with financial system architecture shows that changes are slow but that the Central European countries tend to catch up more quickly with the western ones in the case of their banking systems than with respect to their stock markets.

Original languageEnglish
Pages (from-to)525-553
Number of pages29
JournalJournal of Banking & Finance
Issue number4
Publication statusPublished - Apr 2000


  • Banking
  • Finance system architecture
  • G20
  • G28
  • P34
  • Regulation
  • Transition


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