01714cas a2200241 a 4500 AALejournalIMF000295 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855555 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Financial Sector Reform and Banking Crises in the Baltic Countries. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (52 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/134 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/134/001.1996.issue-134-en.xml IMF e-Library