Advanced Search
MyIDEAS: Login

Financial Development in Emerging Europe

Contents:

Author Info

  • Edda Zoli
Registered author(s):

    Abstract

    This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important factors. Going forward, the EU integration process is likely to propel further reforms and shape financial development in EU members. In non-EU emerging economies the focus should be on maintaining macroeconomic stability and strengthening law enforceability. Creating a well-functioning government securities market, reinforcing corporate governance and creditor rights protection, and promoting the emergence of institutional investors would be beneficial.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21410
    Download Restriction: no

    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/245.

    as in new window
    Length: 36
    Date of creation: 01 Nov 2007
    Date of revision:
    Handle: RePEc:imf:imfwpa:07/245

    Contact details of provider:
    Postal: International Monetary Fund, Washington, DC USA
    Phone: (202) 623-7000
    Fax: (202) 623-4661
    Email:
    Web page: http://www.imf.org/external/pubind.htm
    More information through EDIRC

    Order Information:
    Web: http://www.imf.org/external/pubs/pubs/ord_info.htm

    Related research

    Keywords: Emerging markets; Governance; government securities; securities market; capital account liberalization; securities markets; financial sector; interest rate liberalization; financial market; bonds; government bonds; financial markets; stock exchange; capital market; debt securities; equity market; international financial statistics; international country risk guide; financial institutions; financial services; financial market development; corporate securities; bond; financial sector development; capital markets; capital market development; corporate bonds; financial assets; joint stock; financial instruments; equity markets; financial system; international standards; financial liberalization; corporate bond; financial globalization; financial intermediation; international interest rates; capital income; financial repression; deposit money; joint stock company; government bond markets; investor confidence; stock company; financial economics; current account balance; stock exchanges; capital flows; financial systems; commercial codes; stock market; equity securities; financial stability; bond issues; capital formation; capital account opening; stock markets; developing government bond markets; denominated bonds; securities law; domestic financial liberalization; current account deficits; capital controls; eurobond; deposit rates; external capital flows; credit expansion; government bond; stock market development; corporate valuation; money market; financial reforms; securities market regulation; outstanding corporate bond; financial sector performance; external capital; stock of debt; securities pricing; marketable securities; domestic interest rates; domestic financial sector; developing government bond; corporate bond issues; bond markets; domestic financial markets;

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Manoel Bittencourt, 2008. "Inflation and Financial Development: Evidence from Brazil," Working Papers 67, Economic Research Southern Africa.
    2. Hovhannes Toroyan & George C. Anayiotos, 2009. "Institutional Factors and Financial Sector Development," IMF Working Papers 09/258, International Monetary Fund.
    3. Fink, Gerhard & Haiss, Peter & Vuksic, Goran, 2009. "Contribution of financial market segments at different stages of development: Transition, cohesion and mature economies compared," Journal of Financial Stability, Elsevier, vol. 5(4), pages 431-455, December.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:07/245. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.