The Prospects of Capital Markets in Central and Eastern Europe

32 Pages Posted: 17 Oct 2003

See all articles by Jens F. Koke

Jens F. Koke

Allianz Group

Michael Schröder

ZEW – Leibniz Centre for European Economic Research - International Finance and Financial Management

Date Written: 2003

Abstract

The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges - with the only exception of the Warsaw Stock Exchange - are, in comparison with their western counterparts, underdeveloped and less important for the domestic economies in general and for corporate finance in particular. The CEE securities exchanges are under pressure for several reasons and should change their form of (international) organization to ensure future success. Stronger international integration of the exchanges could also improve the integration of CEE companies into international capital markets.

Keywords: Securities Exchanges, Corporate Finance, Central and Eastern Europe

JEL Classification: G2, G3, O16, P2

Suggested Citation

Koke, Jens F. and Schröder, Michael, The Prospects of Capital Markets in Central and Eastern Europe (2003). ZEW Discussion Paper No. 02-57, Available at SSRN: https://ssrn.com/abstract=439763 or http://dx.doi.org/10.2139/ssrn.439763

Jens F. Koke

Allianz Group ( email )

Denmark

Michael Schröder (Contact Author)

ZEW – Leibniz Centre for European Economic Research - International Finance and Financial Management ( email )

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+49 621 1235 223 (Fax)

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