Financial Systems in Western Balkans : Present and Future
Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26603683/financial-systems-western-balkans-present-future http://hdl.handle.net/10986/24949 |
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okr-10986-249492021-05-25T08:50:58Z Financial Systems in Western Balkans : Present and Future World Bank Group financial system banking sector safety nets uncertainty volatility Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest post-crisis recovery, the region continues to struggle with structural problems that undermine economic growth. Prospects for the region remain significantly dependent on external developments—but also progress on structural reform agendas. Against this backdrop, further financial deepening and improved financial stability are essential to boosting sustainable growth. The size and structure of the financial sector varies considerably across the Western Balkan countries and is primarily bank-based. In the near term, policymakers and regulators in the region face a number of challenges with regard to supporting economic growth, expanding financial inclusion, and maintaining financial stability. Banking regulation and oversight have improved over the last decade, but a number of important shortcomings in some segments remain. The book is arranged as follows: While the snapshot in Chapter one focuses on near term challenges and policy responses with regard to financial sector development and stability, the following chapters look more broadly at the external context and take a longer term view on challenges and opportunities that could present themselves over the next decade. It does so not by proposing a single forecast, or view of the future, but by exploring key uncertainties and applying the tool of scenario thinking to create three different visions for the world around the Western Balkans financial systems in 2025 aimed at informing the development of financial sector strategies that contribute to the country’s overall success in sustainable and inclusive growth. 2016-08-25T20:19:54Z 2016-08-25T20:19:54Z 2016-06 Report http://documents.worldbank.org/curated/en/2016/07/26603683/financial-systems-western-balkans-present-future http://hdl.handle.net/10986/24949 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Europe and Central Asia Eastern Europe |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
financial system banking sector safety nets uncertainty volatility |
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financial system banking sector safety nets uncertainty volatility World Bank Group Financial Systems in Western Balkans : Present and Future |
| geographic_facet |
Europe and Central Asia Eastern Europe |
| description |
Following a decade of conflicts, Western
Balkan countries accomplished robust economic growth in the
2000s. This growth pattern was domestic demand driven and
externally financed, hence was hampered significantly by the
global financial crisis and subsequent euro area debt
crisis. Despite modest post-crisis recovery, the region
continues to struggle with structural problems that
undermine economic growth. Prospects for the region remain
significantly dependent on external developments—but also
progress on structural reform agendas. Against this
backdrop, further financial deepening and improved financial
stability are essential to boosting sustainable growth. The
size and structure of the financial sector varies
considerably across the Western Balkan countries and is
primarily bank-based. In the near term, policymakers and
regulators in the region face a number of challenges with
regard to supporting economic growth, expanding financial
inclusion, and maintaining financial stability. Banking
regulation and oversight have improved over the last decade,
but a number of important shortcomings in some segments
remain. The book is arranged as follows: While the snapshot
in Chapter one focuses on near term challenges and policy
responses with regard to financial sector development and
stability, the following chapters look more broadly at the
external context and take a longer term view on challenges
and opportunities that could present themselves over the
next decade. It does so not by proposing a single forecast,
or view of the future, but by exploring key uncertainties
and applying the tool of scenario thinking to create three
different visions for the world around the Western Balkans
financial systems in 2025 aimed at informing the development
of financial sector strategies that contribute to the
country’s overall success in sustainable and inclusive growth. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Financial Systems in Western Balkans : Present and Future |
| title_short |
Financial Systems in Western Balkans : Present and Future |
| title_full |
Financial Systems in Western Balkans : Present and Future |
| title_fullStr |
Financial Systems in Western Balkans : Present and Future |
| title_full_unstemmed |
Financial Systems in Western Balkans : Present and Future |
| title_sort |
financial systems in western balkans : present and future |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/07/26603683/financial-systems-western-balkans-present-future http://hdl.handle.net/10986/24949 |
| _version_ |
1764458033965957120 |