Suchergebnisse

Das Jahr 2004 hat die Türkei auch aus der Sicht der internationalen Investoren einen großen Schritt in Richtung Europäische Union vorangebracht. Im Dezember des vergangenen Jahres hat der Europäische Rat dem Land zum ersten Mal eine konkrete Beitrittsperspektive eröffnet. Gleichzeitig einigte man sich mit dem InternationalenWährungsfonds (IWF) auf ein weiteres Beistandsabkommen, mit dem insbesondere die Bedienung der Staatsschulden in den nächsten Jahren gesichert ist. Die Folgen der schweren Finanzkrise im Jahre 2001 scheinen inzwischen weitgehend überwunden. Immer noch ist die Inflationsrate - derzeit rund 9% - zu hoch; jedoch wird es für möglich gehalten, die Maastricht-Kriterien für die öffentlichen Haushalte schon in den nächsten zwei Jahren zu erfüllen. Nach den jüngsten Zahlen lag das Wirtschaftswachstum im vergangenen Jahr bei rund 9%; auch für dieses Jahr wird ein kräftiges Wirtschaftswachstum erwartet. Mit der vorliegenden Analyse sollen einige wichtige Aspekte der wirtschaftlichen Entwicklung in den letzten Jahren und der Stand der durchgeführten Reformen insbesondere im Bankensektor näher betrachtet werden. Es zeigt sich, dass die Wirtschaft der Türkei - auch im Vergleich zur Entwicklung in den der EU zuletzt beigetretenen Ländern - eine durchaus zufriedenstellende Entwicklung aufweist, so dass zumindest aus ökonomischer Sicht die angestrebte mittelfristige Annäherung an eine EU-Mitgliedschaft nicht unrealistisch erscheint.

Over fifteen years have passed since the beginning of the reconstruction of the transition countries' banking systems. The analysis of the development of commercial banking in Estonia and other transition countries points out several features, which are typical for the starting period of financial sector reforms. It turns out from our research that the success of the reconstruction of banking sector in certain transition countries differs substantially. It turned out from the research that since the starting of reforms in 1988 the Estonian banking sector has passed two development periods ending with banking crisis. The first period can be named as a "wild" and the second as a "naive-optimistic" banking period. The crisis cleared the banking sector of weaker links and showed both the central bank and the management of operating banks the directions for improving banking regulations and management practices. In our study we do not deal only with the success of the reforms of a banking sector from the aspect of the growth of assets but we also pay a lot of attention to the changes in quality. We research the extent of the growth of the banks' creditability, the stability of their working results, the conformity of services to clients' needs, the harmonization of banking regulations with the European Union's requirements and the implementation of good banking practices. For today the transition period in Estonian banking has been actually passed. The banks operate in accordance with modern market economy patterns in every respect. But in several transition countries the reforms are quite in the starting period. The cornerstones of the Estonian banking sector reforms success have been both stable economic policy as well as reliable currency and the central bank's policy, which forces the reforms.

Over fifteen years have passed since the beginning of the reconstruction of the transition countries' banking systems. The analysis of the development of commercial banking in Estonia and other transition countries points out several features, which are typical for the starting period of financial sector reforms. It turns out from our research that the success of the reconstruction of banking sector in certain transition countries differs substantially. It turned out from the research that since the starting of reforms in 1988 the Estonian banking sector has passed two development periods ending with banking crisis. The first period can be named as a "wild" and the second as a "naive-optimistic" banking period. The crisis cleared the banking sector of weaker links and showed both the central bank and the management of operating banks the directions for improving banking regulations and management practices. In our study we do not deal only with the success of the reforms of a banking sector from the aspect of the growth of assets but we also pay a lot of attention to the changes in quality. We research the extent of the growth of the banks' creditability, the stability of their working results, the conformity of services to clients' needs, the harmonization of banking regulations with the European Union's requirements and the implementation of good banking practices. For today the transition period in Estonian banking has been actually passed. The banks operate in accordance with modern market economy patterns in every respect. But in several transition countries the reforms are quite in the starting period. The cornerstones of the Estonian banking sector reforms success have been both stable economic policy as well as reliable currency and the central bank's policy, which forces the reforms.