Central European financial markets from an EU perspective. Theoretical aspects and statistical analyses.

Gerhard Fink, Peter Haiss

    Publikation: Working/Discussion PaperWU Working Paper

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    Abstract

    Due to the fact that the European transition economies practically started from scratch in financial market development the size of financial markets in the CE-10 is significantly smaller with respect to GDP than in developed market economies. We can show by residual analysis that financial markets in the Czech Republic and Slovakia still need some restructuring. We also find that stock markets hardly contribute to economic prosperity, neither in the CE-10 nor in the EU.
    OriginalspracheEnglisch
    ErscheinungsortVienna
    HerausgeberForschungsinstitut für Europafragen, WU Vienna University of Economics and Business
    DOIs
    PublikationsstatusVeröffentlicht - 1999

    Publikationsreihe

    ReiheEI Working Papers / Europainstitut
    Nummer34

    WU Working Paper Reihe

    • EI Working Papers / Europainstitut

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