Capital Market Development in Eastern and Central European Transition Economies

47 Pages Posted: 22 Oct 2012

See all articles by Yibin Mu

Yibin Mu

International Monetary Fund; Harvard University; World Bank

Date Written: June 29, 2001

Abstract

While the paper touches upon the experience of most transition economies in Eastern and Central Europe, it focuses on the creation and functioning of capital market development in four countries in the region, namely, the Czech Republic, Hungary, Poland and Slovenia. Capital market in these four countries were already created or reestablished in the beginning of 1990s and government securities markets have been actively developed. These countries’ capital market development has been closely related to their choice of privatization methods. While success has been observed, many problems remain in achieving desired levels of market efficiency and transparency.

Keywords: Capital Markets, Emerging Markets, Eastern and Central Europe

JEL Classification: G1, G14, G15, G18, G28,G3, G32, G38

Suggested Citation

Mu, Yibin, Capital Market Development in Eastern and Central European Transition Economies (June 29, 2001). Available at SSRN: https://ssrn.com/abstract=2165470 or http://dx.doi.org/10.2139/ssrn.2165470

Yibin Mu (Contact Author)

International Monetary Fund ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Harvard University ( email )

Cambridge, MA 02138
United States

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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