Resource title

Central European financial markets from an EU perspective. Theoretical aspects and statistical analyses.

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Resource description

Due to the fact that the European transition economies practically started from scratch in financial market development the size of financial markets in the CE-10 is significantly smaller with respect to GDP than in developed market economies. We can show by residual analysis that financial markets in the Czech Republic and Slovakia still need some restructuring. We also find that stock markets hardly contribute to economic prosperity, neither in the CE-10 nor in the EU. (authors' abstract) ; Series: EI Working Papers / Europainstitut

Resource author

Gerhard Fink, Peter Haiss

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Resource language

en

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application/pdf

Resource resource URL

http://epub.wu.ac.at/316/1/document.pdf

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