The Banking System of Cyprus

The book provides a comprehensive study of the banking system in Cyprus from the time that the first bank was founded on the island in 1864. It presents the history of banks and co-operative societies from primary sources and discusses its impressive expansion in the years following independence in 1960. It examines the potential of the offshore banking sector, and the likely effects of financial deregulation and the adoption of the EEC Banking Directives on the future development of the banking system.

Inhalt
Preface - Introduction - PART 1: THE PAST - The Origins of Modern Banking in Cyprus - The Financing of Agriculture - Banking without a Central Bank - PART 2: THE PRESENT - The Central Bank of Cyprus and Developments in Monetary Policy - The Banking System during Independence - Co-operative Societies: Growth and Crisis - PART 3: THE FUTURE - Cyprus: An Emerging Offshore Banking and Financial Centre - The Existing Regulatory Framework of the Banking System and Prospective Changes - Banking in Cyprus in the 1990s - Index