Entwicklungspfade des Finanzplatzes Wien

2015 ◽  
Vol 59 (4) ◽  
Author(s):  
Robert Musil ◽  
Jakob Eder
Keyword(s):  
Eastern Europe ◽  
Quantitative Research ◽  
Central And Eastern Europe ◽  
Path Dependency ◽  
Foreign Banks ◽  
Expert Interviews ◽  
Financial Center

Trajectories of the financial center Vienna. Transformation from a weak to a strong history? The financial center of Vienna experienced a dynamic internationalization during the 1990s and early 2000s, which was focused on the countries of Central and Eastern Europe (CEE). Although Viennese banks were irrelevant players on the European scale, Bank Austria, Erste Bank, and Raiffeisen International became the largest foreign banks in this region. Following the concept of path dependency, this article identifies this period as a “strong history” and traces this story of success back to historic pre-1989 conditions: a “weak history”. Based on quantitative research and expert interviews, this paper shows the personal and institutional continuities of Viennese banks in the CEE region, which outlasted the historic break of 1989.

Transformationsprozesse aus Sicht der evolutorischen Ökonomik

2003 ◽  
Vol 52 (3) ◽  
Author(s):  
Ralph Michael Wrobel
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Path Dependency ◽  
Borderline Case ◽  
Evolutionary Approach ◽  
Institutional Evolution ◽  
Mainstream Economics ◽  
Institutional Competition ◽  
Political Entrepreneurs

AbstractThe transformation of former socialist economies in Central and Eastern Europe is a still continuing long-term process. Since explanations and political recommendations by mainstream economics have not been sufficient, research on methodology and theory of transformation is necessary still today. In this paper an evolutionary approach will be introduced to explain the phenomenon of “transformation” as borderline case of long-term institutional evolution. In concrete it will be described as adaptive-imitative step within institutional competition caused by “exit” and “voice” in the Hirschman sense, initiated by political entrepreneurs, channelled by cultural restriction and path dependency and - as consequence of the evolutionary approach - independent of scientific valuation.

scholarly journals Foreign Banks in Central and Eastern Europe: The Good, the Bad and the Ugly

2021 ◽  
Author(s):  
Mihai Niţoi ◽  
Dorina Clichici ◽  
Simona Moagăr-Poladian
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Foreign Banks

scholarly journals Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe

2010 ◽  
Vol 10 (4) ◽  
pp. 1 ◽  
Author(s):  
Emilia Magdalena Jurzyk ◽  
Olena Havrylchyk ◽  
◽  
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Foreign Banks
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