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Capital Markets and Non-bank Financial Institutions in Romania : Assessment of Key Issues and Recommendations for Development

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  • World Bank

Abstract

This study assesses key issues and recommendations for development, and reviews the specific changes which are necessary in four areas: structural reforms, market institutions, and infrastructure; accounting, transparency, and disclosure; market infrastructure; and credit enhancements. With only three years remaining before joining the European Union, Romania is working hard to improve its capital markets and non-bank financial institutions, which remain less developed than those in other accession countries. Strengthening these sectors has become a top priority for policymakers, whose primary objective is to ensure that the financial system is sufficiently developed to serve the growing demands of the Romanian economy.

Suggested Citation

  • World Bank, 2005. "Capital Markets and Non-bank Financial Institutions in Romania : Assessment of Key Issues and Recommendations for Development," World Bank Publications - Books, The World Bank Group, number 14867, December.
    • Handle: RePEc:wbk:wbpubs:14867
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/14867/30991.pdf?sequence=1
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    Cited by:

    1. Young Patricia T, 2010. "Captured by Business? Romanian Market Governance and the New Economic Elite," Business and Politics, De Gruyter, vol. 12(1), pages 1-40, April.

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