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

Gerhard Fink; Peter Haiss

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

Research Institute for European Affairs

Publication: Working/Discussion Paper › WU Working Paper

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. (authors' abstract)

Original language	English
Place of Publication	Vienna
Publisher	Forschungsinstitut für Europafragen, WU Vienna University of Economics and Business
Publication status	Published - 1999

Publication series

Name	EI Working Papers / Europainstitut
No.	34

WU Working Paper Series

EI Working Papers / Europainstitut

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