Financial development in transition economies impacts growth and stability.
The article explores how finance impacts economic growth in transition economies, focusing on Central and Eastern Europe. The researchers conducted empirical studies to understand the relationship between financial development, international financial integration, and risk assessment in the financial industry. They found that the link between financial development and growth is not always straightforward, and that financial stability is crucial for overall economic well-being. The research also highlights the importance of using appropriate methods for assessing credit risk at the firm level.