Abstract
Banking reforms are only justified to the extent that they benefit the economy. This chapter examines the prevailing financial and economic situation in two countries, Hungary and China, after reforms had been implemented. It attempts to discover whether there is any link between banking reforms and economic outcomes. Does the banking system serve the economy well or not, and why? This chapter seeks the answer by looking directly at both the economic situation and the financial situation after the fundamental changes had taken effect in the two countries.
The trail-blazing western companies which started to invest in Hungary at the end of the 1980s are beginning to ponder what they should have done differently .... Should they have committed less money? Less precipitately? In a different location? Or not invested at all? (N. Denton, ‘Hungarian investors think again’, Financial Times,14 September 1992.)
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1996 Haiqun Yang
About this chapter
Cite this chapter
Yang, H. (1996). Problems of Selected RCPEs . In: Banking and Financial Control in Reforming Planned Economies. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24470-6_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-24470-6_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24472-0
Online ISBN: 978-1-349-24470-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)