Skip to Main content Skip to Navigation
Journal articles

Recapitalisations des banques et aléa moral en Hongrie et en Pologne

Abstract : This paper presents the Hungarian and Polish bank recapitalization programs implemented since 1992 and put them in the longer term perspective of the restructuring of financial systems. Their opposite results are linked to diverging schemes of microeconomic constraints and incentives. It is also shown that the risk of moral hazard, which is present in any intervention of this kind, is strongly reinforced in the transition context : this is due to a situation where banks are often captured by large public enterprises, and, more generally, to the strong resistance opposed by many agents to the hardenning of the com­petitive and financial constraints put upon them.
Document type :
Journal articles
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03585854
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, February 23, 2022 - 2:23:37 PM
Last modification on : Friday, March 25, 2022 - 3:59:00 AM
Long-term archiving on: : Tuesday, May 24, 2022 - 6:40:49 PM

File

1995-sgard-recapitalisations-d...
Publisher files allowed on an open archive

Identifiers

Collections

Citation

Jérôme Sgard. Recapitalisations des banques et aléa moral en Hongrie et en Pologne. Revue Economique, Presses de Sciences Po, 1995, 46 (2), pp.481 - 500. ⟨10.2307/3502200⟩. ⟨hal-03585854⟩

Share

Metrics

Record views

4

Files downloads

8