Capital Market Development in a Small Country: The Case of Slovenia
September 1, 2007
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Summary
Small emerging economies, despite their significant growth, lack the scale to develop thriving capital markets from their local investor and issuer base that are able to deliver the benefits of a large, mature market. Slovenia is such an example. Despite the necessary infrastructure in place, trading has remained thin and issuance activity has been dormant. This paper proposes a two-pronged strategy for capital market development that leverages the existing setup in the context of regional integration such as within the EU. While using the case of Slovenia, this path might be indicative for other small countries that are part of a larger economically integrated region.
Subject: Capital markets, Financial integration, Securities, Securities markets, Stock markets
Keywords: capital market development, cross-market surveillance, financial market, government bond, market participant, WP
Pages:
24
Volume:
2007
DOI:
Issue:
229
Series:
Working Paper No. 2007/229
Stock No:
WPIEA2007229
ISBN:
9781451867930
ISSN:
1018-5941
