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Having chosen a controversial path during its
economic transition, Belarus achieved surprisingly
impressive economic results, often referred to as the Belarusian puzzle , while the banking sector has
played a central role in the Belarusian economic
model. The book fills the existing literature gap on
the transition of the Belarusian banking system and
provides an in-depth analysis of its evolution since
the country achieved independence. It shows how the
role assigned to the banking sector has determined
its development, how the initially unskillful and
erroneous reform policies transformed into a more
thoughtful, long-term strategy, and how the banking
landscape evolved in response. Next, an empirical
study of bank efficiency in transition economies is
conducted on the largest sample to date. The study
compares the efficiency levels between countries,
ownership and size groups of banks over time, as well
as determines macroeconomic and bank-level factors
having an influence on efficiency. The book should be
relevant for academic circles, practitioners, and
anyone else with an interest in the ongoing process
of banking transition in formerly socialist countries.
economic transition, Belarus achieved surprisingly
impressive economic results, often referred to as the Belarusian puzzle , while the banking sector has
played a central role in the Belarusian economic
model. The book fills the existing literature gap on
the transition of the Belarusian banking system and
provides an in-depth analysis of its evolution since
the country achieved independence. It shows how the
role assigned to the banking sector has determined
its development, how the initially unskillful and
erroneous reform policies transformed into a more
thoughtful, long-term strategy, and how the banking
landscape evolved in response. Next, an empirical
study of bank efficiency in transition economies is
conducted on the largest sample to date. The study
compares the efficiency levels between countries,
ownership and size groups of banks over time, as well
as determines macroeconomic and bank-level factors
having an influence on efficiency. The book should be
relevant for academic circles, practitioners, and
anyone else with an interest in the ongoing process
of banking transition in formerly socialist countries.