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The New Capital Markets in Central and Eastern Europe

  • Book
  • © 2001

Overview

Editors:
  1. Michael Schröder

    1. Centre for European Economic Research (ZEW), Mannheim, Germany

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  • Thorough and comprehensive study of the capital market in Central- and Eastern-European countries and in Russia

  • Indispensable for financial analysts and institutional investors interested in these markets

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Table of contents (19 chapters)

  1. Front Matter

    Pages I-XX
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  2. Economic Background

    1. Front Matter

      Pages 1-1
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    2. Macroeconomic Developments and Public Finances

      • Michael Schröder
      Pages 2-20

    3. Success of Privatisation in CEE Countries

      • Claudia Stirböck
      Pages 21-38

    4. Monetary Policy and Banking Systems

      • Thomas Reininger
      Pages 39-66

    5. Exchange Rate Arrangements in Transitional Economies

      • Ronald MacDonald
      Pages 67-84

  3. The Emerging Regulatory Framework for Banking and Securities Markets in the CEECs

    1. The Emerging Regulatory Framework for Banking and Securities Markets in the CEECs

      • Karel Lannoo, Tanja Salem
      Pages 85-124

  4. Market Structures and Developments

    1. Front Matter

      Pages 125-126
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    2. Main Features of the Market

      • Anne Benoit, Walter Demel, Thomas Reininger
      Pages 126-211

    3. The Role of Institutional Investors in Equity and Bond Markets

      • Jens Köke
      Pages 212-233

  5. The Information Efficiency of the Stock Markets in Central and Eastern Europe

    1. The Information Efficiency of the Stock Markets in Central and Eastern Europe

      • Jürgen Kähler
      Pages 234-267

  6. Transformation of External Shocks and Capital Market Integration

    1. Transformation of External Shocks and Capital Market Integration

      • Ronald MacDonald
      Pages 268-283

  7. Integration in the European Capital Markets

    1. Front Matter

      Pages 284-285
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    2. The Central and Eastern European Countries on their Way to EU Membership

      • Karel Lannoo, Claudia Stirböck
      Pages 285-290

    3. Effects of the Capital Account Liberalisation in Central and Eastern European Countries

      • Claudia Stirböck
      Pages 291-312

    4. Effects of new Exchange Rate Arrangements on CEE Capital Markets

      • Michael Schröder, Claudia Stirböck
      Pages 313-335

    5. Public Finance in CEE Countries

      • Michael Schröder
      Pages 336-346

    6. Future Adjustments in the Banking Systems

      • Thomas Reininger
      Pages 347-375

    7. Effects of the Integration Process on the Capital Markets in Russia

      • Tereza Tykvová
      Pages 376-396

  8. Outlook and Perspectives: The Future Role of CEE Capital Markets in the European Capital Markets

    1. Front Matter

      Pages 397-398
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Keywords

About this book

It is the aim of this study to assess the effects of the EU enlargement on the capital markets in the most advanced countries of Central and Eastern Europe (CEE) and Russia and to analyse the impacts on the interactions between Eastern and Western capital markets due to the integration process. Therefore, this study should be particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries and are looking for a thorough and comprehensive analysis of the future perspectives of these capital markets. The European Union has opened negotiations for EU membership in early 1998 with five CEE countries, the Czech Republic, Estonia, Hungary, Poland and Slovenia. In autumn 1999 the group of CEE countries invol ved in the negotiations for EU membership has been enlarged by Bulgaria, Latvia, Lithuania, Romania and Slovakia. The negotiations with some of the CEE countries have already reached a stage that makes entry into the EU in the next few years very likely. The joining countries have to adopt the whole acquis communautaire, which represents the legislative framework common to all EU members. Important parts of the acquis communautaire e. g. the liberalisation of capital movements, European Monetary Union, the free provision of bank and non-bank financial services and new rules for prudential supervision directly and indirectly affect the behaviour of the financial sector and the functioning of capital markets.

Editors and Affiliations

  • Centre for European Economic Research (ZEW), Mannheim, Germany

    Michael Schröder

Bibliographic Information

  • Book Title: The New Capital Markets in Central and Eastern Europe

  • Editors: Michael Schröder

  • DOI: https://doi.org/10.1007/978-3-642-56520-5

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2001

  • Hardcover ISBN: 978-3-540-41514-5Published: 27 February 2001

  • Softcover ISBN: 978-3-642-62569-5Published: 06 November 2012

  • eBook ISBN: 978-3-642-56520-5Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XX, 518

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Finance, general, Quantitative Finance

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