Perspectives and Forecasts of Development of the Polish Capital Market at the Eve of Poland’s Accession to the European Union

"EU Eastern Enlargement Coming Soon Strategy of Membership" eds - Jan Kulakowski Andrzej Stepniak, Stanistaw Uminski, The Foundation For The Development Of Gdansk University Research Centre On European Integration. Gdansk University Gdansk, 2002, ISBN 83-88829-56-4

6 Pages Posted: 25 Apr 2013

See all articles by Jerzy Gwizdała

Jerzy Gwizdała

University of Gdańsk - Faculty of Management

Date Written: April 24, 2013

Abstract

The capital market in Poland is very young. Practically the year 1991 may be considered as the date of its foundation. In order to assess its development and operating principles till now one should compare it with other capital markets — i.e. the mature markets that have operated for a number of years and the new ones, which. like the Polish market, have only a short history of operation. This comparison makes it necessary to take into account the division of capital markets according to the principles functioning in them — this division distinguishes markets operating according to the Anglo-Saxon model and markets operating according to the German — Japanese model. The perspectives of development of the Polish capital market should also be assessed — in particular taking into consideration the globalization of economy and Poland's accession to the European Union. Because of the liquidation of legal and technical barriers limiting the international transfer of capital, capital markets in particular countries, including Poland, do not form separate, isolated organisms which do not react to economic events taking place in other countries any more.

Keywords: Capital Market, Poland, Forecast

JEL Classification: E60, G10

Suggested Citation

Gwizdała, Jerzy, Perspectives and Forecasts of Development of the Polish Capital Market at the Eve of Poland’s Accession to the European Union (April 24, 2013). "EU Eastern Enlargement Coming Soon Strategy of Membership" eds - Jan Kulakowski Andrzej Stepniak, Stanistaw Uminski, The Foundation For The Development Of Gdansk University Research Centre On European Integration. Gdansk University Gdansk, 2002, ISBN 83-88829-56-4 , Available at SSRN: https://ssrn.com/abstract=2256158

Jerzy Gwizdała (Contact Author)

University of Gdańsk - Faculty of Management ( email )

ul. Armii Krajowej 101, 81-824, Sopot
ul. Bażyńskiego 1A
Gdańsk, pomorskie 80-952
Poland

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