Financial Development in Emerging Europe: The Unfinished Agenda
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important factors. Going forward, the EU integration process is likely to propel further reforms and shape financial development in EU members. In non-EU emerging economies the focus should be on maintaining macroeconomic stability and strengthening law enforceability. Creating a well-functioning government securities market, reinforcing corporate governance and creditor rights protection, and promoting the emergence of institutional investors would be beneficial.
Series:
Working Paper No. 2007/245
Subject:
Financial sector development Government securities Securities Securities markets Stock markets
English
Publication Date:
November 12, 2007
ISBN/ISSN:
9781451868081/1018-5941
Stock No:
WPIEA2007245
Pages:
36
Please address any questions about this title to publications@imf.org