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

Gerhard Fink, Peter Haiss

Publication: Working/Discussion PaperWU 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 languageEnglish
Place of PublicationVienna
PublisherForschungsinstitut für Europafragen, WU Vienna University of Economics and Business
Publication statusPublished - 1999

Publication series

NameEI Working Papers / Europainstitut
No.34

WU Working Paper Series

  • EI Working Papers / Europainstitut

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