The Prospects of Capital Markets in Central and Eastern Europe


Köke, F. Jens ; Schröder, Michael


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URL: https://ub-madoc.bib.uni-mannheim.de/388
URN: urn:nbn:de:bsz:180-madoc-3888
Document Type: Working paper
Year of publication: 2002
The title of a journal, publication series: None
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O16 G2 G3 P2 ,
Subject headings (SWD): Mitteleuropa , Osteuropa , Austausch , Sicherheit , Finanzlage
Abstract: 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.
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