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      <record key="001" att1="001" value="LIB909454309" att2="LIB909454309">001   LIB909454309</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/east/ro-25.pdf</field>
      <field key="079" subkey="z">Halushka, Andrij A., Bank-Enterprise Relations in the Transitional Economies: Choosing the Model of Financial System (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsrop/25.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. East European Series; 25 (RePEc)</field>
      <field key="100" subkey="">Halushka, Andrij A.</field>
      <field key="103" subkey="">Worcester College, Oxford</field>
      <field key="331" subkey="">Bank-Enterprise Relations in the Transitional Economies: Choosing the Model of Financial System</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1995, September</field>
      <field key="433" subkey="">28 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Osteuropa; 25</field>
      <field key="461" subkey="">East European Series</field>
      <field key="544" subkey="">IHSRO 25</field>
      <field key="753" subkey="">Abstract: The "special relations" between banks and non-financial companies, that take form analogous to the industrial groups in</field>
      <field key="the" subkey="">Western economies, are becoming an important feature of the economies. The commercial banks in the Central and Eastern</field>
      <field key="Eur" subkey="o">pean countries play an important role, often creating these groups or otherwise initiating them. The paper presents the</field>
      <field key="dev" subkey="e">lopment of such "special relations" in the Czech Republic, Russia and Ukraine. With the proliferation of these groups (both</field>
      <field key="for" subkey="m">al and informal, and of different organizational structure) the financial system of the countries in transition gradually</field>
      <field key="sta" subkey="r">ts resembling the German-Japanese style bank-oriented one. The attempts to create such groups 'from above' in the key sectors</field>
      <field key="of" subkey="e">conomy (as in Russia and especially Ukraine) are based on perception that they provide a mechanism for long-term investment</field>
      <field key="sup" subkey="e">rior to that of the open stock-market. The evidence from the developing countries shows that in an unstable economic and</field>
      <field key="ins" subkey="t">itutional environment, these groups may well cause more trouble than benefit. So the problem of the regulation of this</field>
      <field key="ins" subkey="t">itutional transition becomes crucial.;</field>
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