Financial Services Privatisation: Two Case Studies

John A. Consiglio


How Romania’s, and Estonia’s, financial services sectors moved towards, and through, their respective privatisation processes provides sharply contrasting scenarios. For a long time Romania’s following up of a promise made to the International Monetary Fund was simply an unimpressive record of dithering. By contrast, Estonia’s performance was a generally positive account, one which was based on norms and structures which were often comparable to those in advanced industrial countries. This paper examines in detail these two national experiences.

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International Journal of Financial Research
ISSN 1923-4023(Print)ISSN 1923-4031(Online)


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