Non-Banking Financial Sector and the Link to Foreign Investment

Zdenek Drabek

Chapter 2 in Financial Reform in Central and Eastern Europe, 1995, pp 17-63 from Palgrave Macmillan

Abstract: Abstract The development of the non-banking financial sector in the former centrally planned economies has received considerable attention among policy-makers in these countries and among financial experts in the West. The reason is very simple. The financial sector of these countries was extremely poorly developed under central planning and it was confirmed, almost exclusively, to the banking sector. Capital markets were non-existent after the abolition of stock markets in the early stages of central planning and the non-banking financial institutions thus included only property, trade, travel and car insurance. It became very clear to the reformers in Central and Eastern Europe that in the transformation from central planning to market economy the introduction of capital markets had to occupy a central place.

Keywords: Stock Market; Capital Market; Foreign Investment; Stock Exchange; Mutual Fund (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23800-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349238002

DOI: 10.1007/978-1-349-23800-2_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().