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. Over time, the role of politicians in allocating bank financing and subsidies appears to have declined, however, and banks …
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In this paper, we analyze financial and operating data (1992 to 1995) for more than 6,300 industrial firms in seven countries of the region: Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovak Republic and Slovenia. These countries have adopted different policies to encourage enterprise...
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, bank and corporate restructuring is still a work in progress. Governments should act to accelerate it. Besides adopting …
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