The Prospects of Capital Markets in Central and Eastern Europe
The 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.
Volume (Year): 41 (2003)
Issue (Month): 4 (July)
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