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Creating Capital Markets in Central and Eastern Europe

Author: Gerhard Pohl

Publisher: World Bank Publications

Published: 1995-01-01

Total Pages: 46

ISBN-13: 9780821333709

Addresses the challenge Hungary faces in overcoming threatening deficits in its current and fiscal accounts without hampering economic growth. The Hungarian economy is emerging from a severe four-year recession with positive developments on numerous economic fronts, but with major weaknesses remaining because of large current and fiscal account deficits. This book addresses the challenge Hungary faces in overcoming these deficits without hampering economic growth. The report examines the country's macroeconomic performance in the first half of the 1990s and the stabilization package launched in March 1995. It explores the structure of fiscal revenues, pension reform, and enterprise and banking reforms. The study also looks at the impact of structural reforms on future economic growth and at Hungary's bid to integrate with the European Union.

Creating Capital Markets in Eastern Europe

Author: John R. Lampe

Publisher:

Published: 1992

Total Pages: 130

ISBN-13:

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Developing Capital Markets in Eastern Europe

Author: Margie Lindsay

Publisher: Burns & Oates

Published: 1992

Total Pages: 328

ISBN-13:

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A major element of the transition from planned to market economies in Eastern Europe will be the formation of capital markets - banks, stock exchanges, insurance companies, etc. This book examines all aspects of these markets and analyzes the implications and likely developments.

The New Capital Markets in Central and Eastern Europe

Author: Michael Schröder

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 539

ISBN-13: 3642565204

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An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.

Central European

Author:

Publisher:

Published: 1998

Total Pages: 28

ISBN-13:

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Financial Markets in Central and Eastern Europe

Author: Morten Balling

Publisher: Routledge

Published: 2004-08-02

Total Pages: 401

ISBN-13: 1134292716

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This book charts the process of financial market reform in Central and Eastern Europe. Topics discussed will include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.

Privatizing Eastern Europe

Author: J.M. Van Brabant

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 343

ISBN-13: 9401128340

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This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the restoration and effective monitoring of property rights. These are paramount tasks of the ongoing transformations once progress toward pOlitical democracy is secured. Though I would not allot divestment of existing state-owned assets the kind of pivotal importance that some observers reserve for it, changing rules on the utilization of these assets is evidently at the core of what the transition toward market-based economic systems should be all about. Rather than examining the entire range of issues that surround the controvery on privatization, this volume is primarily concerned with the economics of taking the state out of the decision making about existing assets. Among the several aspects of this discussion three stand out. One is the establishment of clear property rights. This is fundamental to minimize trans action costs in an environment where decisions will increasingly be taken by independent economic agents acting on their own account. Second, I look only incidentally at the various angles of creating capital markets, particularly for existing assets, in these economies.

Financial Development, Integration and Stability

Author: Klaus Liebscher

Publisher: Edward Elgar Publishing

Published: 2007-01-01

Total Pages: 570

ISBN-13: 1847203035

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Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Capital Markets in Central and Eastern Europe

Author: Christian Helmenstein

Publisher: Edward Elgar Publishing

Published: 1999

Total Pages: 508

ISBN-13:

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The financial reforms in the economies of Eastern and Central Europe have created institutions which are becoming increasingly integrated into the world economy. This book examines aspects of the emerging capital markets and financial developments in the area in a comparative assessment and highlights aspects of these developments which are not present in the developed capital markets of Western Europe, Asia or North America.

The Prospects of Capital Markets in Central and Eastern Europe

Author: F. Jens Köke

Publisher:

Published: 2002

Total Pages: 29

ISBN-13:

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The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges - with the only exception of the Warsaw Stock Exchange - are, in comparison with their western counterparts, underdeveloped and less important for the domestic economies in general and for corporate finance in particular. The CEE securities exchanges are under pressure for several reasons and 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.