Transactional Structures of Bank Privatizations in Central Europe and Russia

Journal of Comparative Economics, Vol. 25 No. 1, 1997

Posted: 16 May 1998

See all articles by Anna Meyendorff

Anna Meyendorff

University of Michigan William Davidson Institute

Edward A. Snyder

University of Chicago - Booth School of Business

Abstract

In pursuing bank privatization the governments in Central Europe and Russia faced a common set of policy issues including how to break up the monobank system deal with troubled loans, transfer equity in the state banks to the private sector, and attract financial and human capital to the banks. For each bank undergoing privatization, the government's approach to such issues determines its "transaction structure." In this article we develop this conceptual framework and assess the findings from three studies of major commercial banks undergoing privatization. The varied transactional structures used in these privatizations appear to have had significant effects on each bank's microstructure. In addition the transactional structures are shown to influence bank strategy and post-privatization performance.

JEL Classification: G21, L21, P34

Suggested Citation

Meyendorff, Anna and Snyder, Edward (Ted) A., Transactional Structures of Bank Privatizations in Central Europe and Russia. Journal of Comparative Economics, Vol. 25 No. 1, 1997, Available at SSRN: https://ssrn.com/abstract=87156

Anna Meyendorff (Contact Author)

University of Michigan William Davidson Institute ( email )

724 E. University Ave.
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313-763-5850 (Fax)

Edward (Ted) A. Snyder

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

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