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

Fink, Gerhard and Haiss, Peter (1999) Central European financial markets from an EU perspective. Theoretical aspects and statistical analyses. EI Working Papers / Europainstitut, 34. Forschungsinstitut für Europafragen, WU Vienna University of Economics and Business, Vienna.

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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. (authors' abstract)

Item Type: Paper
Keywords: financial markets / transition economies / banking / stock exchange
Classification Codes: JEL G21, G28, P43, P52
Divisions: Forschungsinstitute > Europafragen
Depositing User: Repository Administrator
Date Deposited: 05 Apr 2002 10:07
Last Modified: 09 Mar 2015 20:15
URI: http://epub.wu.ac.at/id/eprint/316

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