Public and Financial Institutions in Transition Economies: An Overview and Recent Evidences from Central and Eastern Europe

This article is a survey of economic literature about the public and financial institutions in countries with transition economies. It also presents some particularities within the countries from Central and Eastern Europe. We investigate the factors that influence a certain in-stitutional architecture and the impact of those institutions on sev-eral economic aspects such as growth, trade, corruption, stock mar-kets, inflation, unemployment, etc. For the financial sector we investi-gate some specific problems: stock markets, deposit insurance, central bank and credit market, consolidation, globalization and international investment in financial services