Financial Instability in Transition Economics

A CEPR/EBRD/ESRC Workshop on Financial Instability in Transition Economies was held in London on 28 May 1998. The workshop was one of a series organized under the auspices of the ESRC Resource Centre, established at CEPR in 1993 to provide networking, dissemination, support and training services to the UK economics community in the rapidly evolving area of Transition Economics. The organizers were Steven Fries (European Bank for Reconstruction and Development) and Mark Schaffer (Heriot-Watt University and WDI). The following papers were presented:

'Optimal Design of Bank Bailouts: The Case of Transition Economies'
Philippe Aghion (University College London, European Bank for Reconstruction and Development and CEPR), Patrick Bolton (Princeton University and CEPR) and
Steven Fries (European Bank for Reconstruction and Development)

'Gambling Banks and Firm Financing in Transition Economies'
Ranko Jelic (University of Hull)

'Managing Capital Flows in Poland, 1995-1998'
Stanislaw Gomulka (London School of Economics)