IMF Staff Country Reports

Capital Markets and Financial Intermediation in the Baltic States

Publication Date:

April 28, 2003

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2003/115

Subject:

Banking Capital markets Commercial banks Financial institutions Financial markets Financial sector development Securities markets Stock markets