Publication

This paper is an attempt at a comparative overview of banking sector systemic risk in six Central European countries. The countries covered by the paper are specific insofar as they moved from a socialist to a market economy in the 1990s and the legacy of a socialist economy still has an important influence on the shape of their banking sectors. The authors give an overview of the past and present situation and key challenges, show the different ways of crisis resolution and present the progress on bank privatization and the strengthening of regulatory and institutional framework.