Trends on the Capital Market in Greece before and after the State Debt Crisis

Vasiliki Bazdekidu

Economic Studies journal, 2015, issue 1, 66-89

Abstract: The paper focuses on the trends of the functioning of the capital market in Greece and how these trends reflect on the efforts for solving the crisis of the Greek economy. It analyzes multiple data describing the institutional development of the capital market, as well as its trade dynamics – price, trade volumes, capitalization, capital acquiring, for the period 1991-2014. The paper makes comparisons with other developed and developing markets. The analysis shows that after the boom of the state debt crisis the market looses the specifics of a developed market and has a disturbed functionality – it does not provide a serious alternative for saving and investing, as well as opportunities for acquiring capital. All this obstructs the financing of the firms, respectively the investments, as well as the restoring of the consumption and the economy as a whole.

JEL-codes: G01 G15 G23 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2015:i:1:p:66-89

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