Strategic Priorities or Stock Exchanges in New EU Member States
17 Pages Posted: 7 Aug 2006
Date Written: March 2006
Abstract
This study discusses the strategic priorities and challenges for securities exchanges in new EU member states, with a special reference to the internationalisation of securities markets. The ways in which exchanges are responding to such challenges and other possible courses of action are identified. These concepts are then appraised in relation to the Malta Stock Exchange, one of the smallest exchanges of the new EU member states. The inherent size of this exchange reveals that the Malta Stock Exchange is somewhat insulated from the internationalisation process, yet future strategies must be well planned in order to ensure competitiveness and profitability.
Keywords: Emerging Financial Markets, Stock Exchange Development, Malta Stock Exchange
JEL Classification: G15, G18, G20, G28, O16
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