The Prospects of Capital Markets in Central and Eastern Europe

Michael Schröder and Jens Köke

No 02-57, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges – with the only exception of the Warsaw Stock Exchange – are, in comparison with their western counterparts, underdeveloped and less important for the domestic economies in general and for corporate finance in particular. The CEE securities exchanges are under pressure for several reasons and should change their form of (international) organization to ensure future success. Stronger international integration of the exchanges could also improve the integration of CEE companies into international capital markets.

Keywords: Securities Exchanges; Corporate Finance; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: G2 G3 O16 P2 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (6)

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Journal Article: The Prospects of Capital Markets in Central and Eastern Europe (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:557

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