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

Gerhard Fink, Peter Haiss

    Publication: Working/Discussion PaperWU Working Paper

    23 Downloads (Pure)

    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.
    Original languageEnglish
    Place of PublicationVienna
    PublisherForschungsinstitut für Europafragen, WU Vienna University of Economics and Business
    DOIs
    Publication statusPublished - 1999

    Publication series

    SeriesEI Working Papers / Europainstitut
    Number34

    WU Working Paper Series

    • EI Working Papers / Europainstitut

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