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Balkan Banks Hit Hard by Kosovo Conflict May 99
Standard & Poors, May 1999
Abstract
The cost and impact of the conflict in Kosovo on the surrounding countries in the Balkans are extremely hard to quantify, and the longer it endures the more widespread the repercussions will be. While the human cost of suffering from the Kosovo conflict is immeasurable, the economic costs also are extremely high. The fragile economies of the Balkans are already battling to cope with the effects of transformation and modernization, but the war in Kosovo may well reverse some of the gains that have so far been achieved. The reverberations of the conflict on the Balkan economies will negatively impact most of the banking systems in the region, and their development is likely to be hampered. These banking systems, in...
Companies mentioned in this report are: Romania,Bulgaria (Republic of)
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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