In short, none of the financial infrastructure that converts the changing valuations of consumers and shifting efficiencies of capital equipment into market signals that direct production for profit is available. But it didn’t matter in the Soviet-bloc economies. Few decisions in those centrally planned systems were affected by the lack of a developed financial system.
But 2000 will be seen as the year in which the BH banking sector finally began to move in the right direction and it is certain that the speed of change will accelerate even more in 2001. 4  BIS Review 51/2001  The system will be fundamentally different and stronger in a year's time compared with today.