banking sector, CASE Network Reports, Europe, Financial sector, Poland, Private sector development, innovation and knowledge-based economy, CASE Reports, transition economies

Restructuring and Development of the Banking Sector in Poland. Lessons to be Learnt by Less Advanced Transition Countries


The banking sector in transition economies deserves a special attention of policy makers and the public. The first reason for this attention is that financial intermediation plays a special role in an economy: it channels financial savings of enterprises and households into investments. There is no economic growth in a country if this function is not executed in an effective and efficient way, and if the financial sector is not credible. Therefore reestablishment of a sound banking sector has been crucially important for transition countries.