@techreport{eacf9d002ad642aea775e5940bc24133,
title = "Financial reform and the efficiency of intermediation: banking performance in Hungary",
abstract = "This paper attempts to develop a conceptual framework in order to assess the efficiency of financial intermediation during a process of reform of the financial sector. The desired outcomes of reform, operational efficiency, allocative efficiency, dynamic efficiency and stability, are shown to depend on the fulfillment of certain preconditions and on intervening variables and factors. In the second part of the paper this framework is applied to Hungary. It is concluded that the way financial liberalization has proceeded in Hungary has led to two main problems: a structural competitive loss for the state banks and a lack of long-term finance available for private enterprises. ",
author = "Dijkstra, {A. Geske}",
year = "1996",
month = nov,
language = "English",
series = "ISS working papers. General series",
publisher = "International Institute of Social Studies (ISS)",
number = "231",
address = "Netherlands",
type = "WorkingPaper",
institution = "International Institute of Social Studies (ISS)",
}