Central European Financial Markets from an EU Perspective, Theoretical Aspects and Statistical Analyses

EI Working Paper No. 34

Posted: 19 Dec 2008 Last revised: 10 Feb 2011

See all articles by Gerhard Fink

Gerhard Fink

Dept of International Business and Trade

Peter R. Haiss

WU Vienna University of Economics and Business; UniCredit Bank Austria; IES Vienna - Institute for the International Education of Students

Date Written: 1999

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.

Keywords: Financial markets, transition economies, Banking Stock Exchange

JEL Classification: G21, G28, P34, P43, P52

Suggested Citation

Fink, Gerhard and Haiss, Peter R., Central European Financial Markets from an EU Perspective, Theoretical Aspects and Statistical Analyses (1999). EI Working Paper No. 34, Available at SSRN: https://ssrn.com/abstract=1317662

Gerhard Fink

Dept of International Business and Trade ( email )

Welthandelsplatz 1, Building D1
Wien, 1020
Austria
+43/1/313364331 (Phone)

Peter R. Haiss (Contact Author)

WU Vienna University of Economics and Business ( email )

Institute for Production Management
Welthandelsplatz 1
Vienna, A-1020
Austria
++43-660 4848254 (Phone)
++43-50505 8944214 (Fax)

UniCredit Bank Austria ( email )

Rothschildplatz 1
Vienna, A-1020
Austria
++43-(0)50505 44214 (Phone)
++43-(0)50505 89 44214 (Fax)

HOME PAGE: http://www.bankaustria.com

IES Vienna - Institute for the International Education of Students

Johannesgasse 7
Vienna, A-1010
Austria

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
519
PlumX Metrics