Banking, International Capital Flows and Growth in Europe

Banking in Europe and Growth: P.J.J. Welfens: Banks, Capital Markets, R&D and Economic Growth in Europe: Banks and Capital Markets in Western Europe; Banking, Capital Markets and Economic Growth in Eastern Europe and Russia.- J. Priesemann: Policy Options for Prudential Supervision and Central Banks' Involvement; The Model Envisaged in the Maastricht Treaty; Challenges for Supervisors.- E. Gavrilenkov: Banking, Privatization and Economic Growth in Russia: Brief Chronicle of Banking Sector Developments during the Reforms; The Banking System and the Household Sector; The Radical Shift in Fiscal Policy, Money and Banking in 1995; Propensities for Economic Growth in Russia.- P. Hertner: Historical Lessons for Foreign Banking in Eastern Europe. The Case of Tsarist Russia: Foreign Banking in the 19th Century: Possible Choices and Real Development; Russia's Economic Development and its Foreign Debt between the 1860s and the First World War; Foreign Banks and Foreign Investment in Russia until the 1870s; Foreign Banking in Russia until the 1880s; Foreign Banking from the 1890s to the First World War; Foreign Banking in Russia on the Eve of World War I: Quantitative and Qualitative Evidence; Some Conclusions and Possible Lessons.- M. Bojanczyk: Restructuring and Privatization of Polish Banks: Restructuring the Banking Sector; Privatization of Polish Banks.- T. Lane: High Public Debt: Consequences for Investment and Growth: A Simple Framework; Endogenous Growth and Infrastructure; Ricardian Equivalence; Costs of Inflation; Empirical Evidence on Fiscal Policy and Growth; Political Economy and Regime Switching.- International Capital Flows and Growth: J.M. van Brabant: Banking, Foreign Investment, Endogenous Growth and Systemic Transformation: The Holy Trinity and Successful Transformation; Towards Modernization and FI; Towards Endogenous Growth; Expectations and Realities about FI Inflows; Some Illustrative Negative Aspects of FI; Economic Development and FI; The

The volume presents an in-depth analysis of international capital flows, private and public investment and economic growth. It derives new results about the prospects of economic consequence in Europe.