The Capital Markets of Emerging Europe: Institutions, Instruments and Investors
Electronic Access:
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Summary:
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as establishing pricing benchmarks, adopting, implementing and enforcing securities laws and regulations, encouraging the growth of an institutional investor base, and providing adequate trading infrastructure. This paper provides an overview of the trends in the region's local capital markets, and examines the main factors that have contributed to their growth and effectiveness to date. It also discusses selected policy responses necessary to further improve the breadth and depth of these markets.
Series:
Working Paper No. 2008/103
Subject:
Capital markets Corporate bonds Emerging and frontier financial markets Securities markets Stock markets
English
Publication Date:
April 1, 2008
ISBN/ISSN:
9781451869644/1018-5941
Stock No:
WPIEA2008103
Pages:
51
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