The Prospects of Capital Markets in Central and Eastern Europe
AbstractThe picture of the securities exchanges and financial sectors of Central and Eastern Europe (CEE) is still relatively unfavorable. In comparison with their Western counterparts, CEE securities exchanges, with the sole exception of the Warsaw Stock Exchange, are underdeveloped and less important to the domestic economies in general and to corporate finance in particular. Under pressure for several reasons, CEE securities exchanges should change their form of (international) organization to ensure future success. Stronger international integration of the exchanges could also improve the integration of CEE companies into international capital markets.
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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Eastern European Economics.
Volume (Year): 41 (2003)
Issue (Month): 4 (July)
Contact details of provider:
Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106044
Other versions of this item:
- Schröder, Michael & Köke, Jens, 2002. "The Prospects of Capital Markets in Central and Eastern Europe," ZEW Discussion Papers 02-57, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- G2 - Financial Economics - - Financial Institutions and Services
- G3 - Financial Economics - - Corporate Finance and Governance
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- P2 - Economic Systems - - Socialist Systems and Transition Economies
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