Capital Markets and Financial Intermediation in The Baltics

Capital Markets and Financial Intermediation in The Baltics PDF Author: Niamh Sheridan
Publisher: International Monetary Fund
ISBN: 9781589062726
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the financial systems of the three countries and discusses some of their unique characteristics. The study also examines current distortions of the systems and discusses whether or not the Baltics should move from an almost exclusively bank-based system to one that relies more on capital markets. In the process, it addresses issues of corporate governance and regional integration.

Capital Markets and Financial Intermediation in The Baltics

Capital Markets and Financial Intermediation in The Baltics PDF Author: Niamh Sheridan
Publisher: International Monetary Fund
ISBN: 9781589062726
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the financial systems of the three countries and discusses some of their unique characteristics. The study also examines current distortions of the systems and discusses whether or not the Baltics should move from an almost exclusively bank-based system to one that relies more on capital markets. In the process, it addresses issues of corporate governance and regional integration.

Capital Markets and Financial Intermediation in the Baltic States

Capital Markets and Financial Intermediation in the Baltic States PDF Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451805383
Category :
Languages : en
Pages : 53

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Book Description
This paper analyzes the capital markets and financial intermediation in the Baltic States. It provides a comprehensive overview of the structure and level of development of the financial system, discussing some of the unique characteristics of the Baltics, such as leasing; and comparing the structure of the Baltic financial systems to other European Union accession countries and/or euro zone averages, both of which serve as benchmarks. The paper also addresses some of the broader analytical questions concerning how the financial system might be developed in the Baltics.

Europe's Hidden Capital Markets

Europe's Hidden Capital Markets PDF Author: Jean-Pierre Casey
Publisher: CEPS
ISBN: 9290795964
Category : Business & Economics
Languages : en
Pages : 142

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Book Description
Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.

The Baltic Countries

The Baltic Countries PDF Author: Mr.Julian Berengaut
Publisher: International Monetary Fund
ISBN: 9781557757388
Category : Business & Economics
Languages : en
Pages : 94

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Book Description
Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implications for policy are provided in this collection of analyses. Rather than a country-by-country description, the volume provides a cross-country perspective of developments from 1994 through mid-1997. The seven sections of this paper discuss recent macroeconomic and structural policies, exchange rate regimes, fiscal issues, financial systems, private sector development, and accession to the European Union.

IMF and the Baltics

IMF and the Baltics PDF Author: Mr.Richard D. Haas
Publisher: International Monetary Fund
ISBN: 1451875827
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
The paper is an economic history of the IMF’s involvement in the Baltic states. It describes and analyzes the initial economic stabilization; the period of consolidation and recovery; the effects of the Russian crisis of 1998; and the current growth phases of Lithuania, Latvia, and Estonia. There is also an assessment of cooperation with the Fund based on interviews with a number of ex-officials. The major conclusion is that the Baltics have been so successful because of their early commitment to change the stabilization and reform policies needed for successful transition, and their ownership of their IMF-supported programs.

The Baltic Investment Programme and the Development of Financial Mechanisms in the Baltic Countries

The Baltic Investment Programme and the Development of Financial Mechanisms in the Baltic Countries PDF Author:
Publisher: Nordic Council of Ministers
ISBN: 9789291201440
Category :
Languages : en
Pages : 148

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Book Description


Publications Catalog

Publications Catalog PDF Author: International Monetary Fund
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 94

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Book Description


Financial Sector Reform and Banking Crises in the Baltic Countries

Financial Sector Reform and Banking Crises in the Baltic Countries PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451855559
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and after these countries regained their independence, thus rendering them largely inevitable. Because of the low level of financial intermediation, however, even the failure of large banks had limited systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but brought about a desired consolidation of the banking sector.

Development of non-bank financial institutions and capital markets in European union accession countries

Development of non-bank financial institutions and capital markets in European union accession countries PDF Author: Marie-Renée Bakker
Publisher: World Bank Publications
ISBN: 9780821357880
Category : Capital market
Languages : en
Pages : 52

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Book Description


European Financial Markets and Institutions

European Financial Markets and Institutions PDF Author: Jakob de Haan
Publisher: Cambridge University Press
ISBN: 0521882990
Category : Business & Economics
Languages : en
Pages : 439

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Book Description
Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.