Capital Markets and Financial Intermediation in the Baltic States
April 28, 2003
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This paper analyzes the capital markets and financial intermediation in the Baltic States. It provides a comprehensive overview of the structure and level of development of the financial system, discussing some of the unique characteristics of the Baltics, such as leasing; and comparing the structure of the Baltic financial systems to other European Union accession countries and/or euro zone averages, both of which serve as benchmarks. The paper also addresses some of the broader analytical questions concerning how the financial system might be developed in the Baltics.
Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial sector development, Securities markets, Stock markets
Keywords: Baltics, bank financing, bank ownership, banking sector, Capital markets, central bank, Commercial banks, CR, credit crunch, economic activity, exchange rate, Financial sector development, foreign currency, ISCR, market capitalization, parent bank, parent company, private sector, secondary market, Securities markets, Stock markets, venture capital, yield curve
Pages:
53
Volume:
2003
DOI:
Issue:
115
Series:
Country Report No. 2003/115
Stock No:
1BLTEA0022003
ISBN:
9781451805383
ISSN:
1934-7685
