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Marko Škreb

Marko Skreb, former Governor at the Croatian National Bank, is Advisor to the Governor of the Bank of Albania.

Titles by This Editor

The 1994-1995 Mexican crisis was the first in a succession of financial crises to hit emerging markets in Thailand, Indonesia, Malaysia, South Korea, Russia, Brazil, Argentina, and Turkey. In almost all these cases, problems in the banking sector played a key role.

The First Decade

The former socialist countries’ transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations.