Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia
by
David Michael Gould, Martin Melecky
Language: English
Release Date: January 27, 2017
During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on bank credit expansion often funded by foreign capital. This model helped boost the financial inclusion of firms and households, but was also accompanied by lower financial efficiency...