The purpose of this paper is to investigate the long-run effects of government policy changes on the private sector development in a transitional economy. The policy changes include (i) increases in the nominal interest rate on deposits in the state banking system, (ii) increases in the tax rates on labor income and corporate income, and (iii) implementation of further enterprise reforms in the...

Compare to other firms, banks are special in three ways. First, most banks are insured by deposit insurance. Second, banking industry is highly regulated. Third, banks are financial intermediary. To attract deposits is one of a bank’s main functions, and deposits compose the most part of a bank’s debt. Among the various regulations, minimum capital requirements play an important role, which req...

Lexicography has much to contribute to the information and knowledge society. The very essence of lexicography is its capacity to provide quick and easy access to data from which information needed by different types of users in different types of social situations can be retrieved. In this respect, the article discusses the concepts of information and knowledge related to lexicographic theory....

This paper examines which business choices are more likely to increase the profitability and distance distress of banks, whether changing model pays off. We find that with use customer deposits equity, decrease size; also, top performers tend have a high relationship banking orientation and/or operate retail focused model. Furthermore, we document income diversification only bears positive impa...