The New Capital Markets in Central and Eastern Europe

It is the aim of this study to assess the effects of the EU enlargement on the capital markets in the most advanced countries of Central and Eastern Europe (CEE) and Russia and to analyse the impacts on the interactions between Eastern and Western capital markets due to the integration process. Ther...

Full description

Bibliographic Details
Other Authors: Schröder, Michael (Editor)
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2001, 2001
Edition:1st ed. 2001
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
LEADER 04104nmm a2200313 u 4500
001 EB000665005
003 EBX01000000000000000518087
005 00000000000000.0
007 cr|||||||||||||||||||||
008 140122 ||| eng
020 |a 9783642565205 
100 1 |a Schröder, Michael  |e [editor] 
245 0 0 |a The New Capital Markets in Central and Eastern Europe  |h Elektronische Ressource  |c edited by Michael Schröder 
250 |a 1st ed. 2001 
260 |a Berlin, Heidelberg  |b Springer Berlin Heidelberg  |c 2001, 2001 
300 |a XX, 518 p  |b online resource 
505 0 |a 1 Economic Background -- 1.1 Macroeconomic Developments and Public Finances -- 1.2 Success of Privatisation in CEE Countries -- 1.3 Monetary Policy and Banking Systems -- 1.4 Exchange Rate Arrangements in Transitional Economies -- 2 The Emerging Regulatory Framework for Banking and Securities Markets in the CEECs -- 3 Market Structures and Developments -- 3.1 Main Features of the Markets -- 3.2 The Role of Institutional Investors in Equity and Bond Markets -- 4 The Information Efficiency of the Stock Markets in Central and Eastern Europe -- 5 Transformation of External Shocks and Capital Market Integration -- 6 Integration in the European Capital Markets -- 6.1 The Central and Eastern European Countries on their Way to EU Membership -- 6.2 Effects of the Capital Account Liberalisation in Central and Eastern European Countries -- 6.3 Effects of new Exchange Rate Arrangements on CEE Capital Markets -- 6.4 Public Finance in CEE Countries -- 6.5 Future Adjustments in the Banking Systems -- 6.6 Effects of the Integration Process on the Capital Markets in Russia -- 7 Outlook and Perspectives: The Future Role of CEE Capital Markets in the European Capital Markets -- 7.1 The Future Role of Capital Markets in Central and Eastern Europe for the Domestic Economy -- 7.2 Investments in CEE Capital Markets: Benefits from Diversification and Optimal Portfolios -- 7.3 Competition between Western and Eastern European Equity Markets -- 8 Country Summaries -- List of Authors 
653 |a Mathematics in Business, Economics and Finance 
653 |a Finance 
653 |a Macroeconomics and Monetary Economics 
653 |a Social sciences / Mathematics 
653 |a Financial Economics 
653 |a Macroeconomics 
041 0 7 |a eng  |2 ISO 639-2 
989 |b SBA  |a Springer Book Archives -2004 
028 5 0 |a 10.1007/978-3-642-56520-5 
856 4 0 |u https://doi.org/10.1007/978-3-642-56520-5?nosfx=y  |x Verlag  |3 Volltext 
082 0 |a 339 
520 |a It is the aim of this study to assess the effects of the EU enlargement on the capital markets in the most advanced countries of Central and Eastern Europe (CEE) and Russia and to analyse the impacts on the interactions between Eastern and Western capital markets due to the integration process. Therefore, this study should be particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries and are looking for a thorough and comprehensive analysis of the future perspectives of these capital markets. The European Union has opened negotiations for EU membership in early 1998 with five CEE countries, the Czech Republic, Estonia, Hungary, Poland and Slovenia. In autumn 1999 the group of CEE countries invol ved in the negotiations for EU membership has been enlarged by Bulgaria, Latvia, Lithuania, Romania and Slovakia. The negotiations with some of the CEE countries have already reached a stage that makes entry into the EU in the next few years very likely. The joining countries have to adopt the whole acquis communautaire, which represents the legislative framework common to all EU members. Important parts of the acquis communautaire e. g. the liberalisation of capital movements, European Monetary Union, the free provision of bank and non-bank financial services and new rules for prudential supervision directly and indirectly affect the behaviour of the financial sector and the functioning of capital markets