"Des waerelds doen en doolen, is maar een mallemoolen,"

"Des waerelds doen en doolen, is maar een mallemoolen," engraving from Het Groote Tafereel der Dwaasheid, 1720.

"The actions and designs of the world go round as if in a mill." South Sea bubble financial crisis.

Monday, April 9, 2012

Financial sectors in post-communist economies




Data from World Bank

The last EBRD report mentions the importance of sound financial systems as a shield to crisis. The graph above shows to what extent financial sectors in various economies in transition are efficient intermediaries. Germany is taken as a benchmark. 
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