Microeconomic Adaptation and its Connections with Financial Sector Development in Context of the Transition Process in Slovakia Cover Image

Mikroekonomická adaptácia a jej súvislosti s rozvojom finančného sektora v kontexte transformačného procesu Slovenska
Microeconomic Adaptation and its Connections with Financial Sector Development in Context of the Transition Process in Slovakia

Author(s): Pavol Kárász, Juraj Renčko
Subject(s): Economy
Published by: SAV - Slovenská akadémia vied - Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: macroeconomic policy; structural reforms; microeconomic adaptation; transition process; consolidation of financial sector; enterprises; economic development

Summary/Abstract: The aim of the article is a characterization of interplay between macroeconomic policy and structural reforms in linkage to microeconomic adaptation in several periods of up to now development of the Slovak economy. Realization starts from macroeconomic analysis of consequences of microeconomic adaptation’s practice started by transition process and problems induced by influence of insufficient progress of this adaptation on financial sector. Subject of analysis are also macroeconomic issues of slow development of financial sector. Attention is paid to basic specifics of development in connection with progress of economic transition which to the end of nineties resulted to insufficient financial serving of real economy representing main barrier of Slovakia’s further development.

  • Issue Year: 57/2009
  • Issue No: 01
  • Page Range: 21-40
  • Page Count: 20
  • Language: Slovak
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