| Description |
1 online resource (53 p.) |
| Series |
IMF Working Paper |
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IMF working paper.
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| Contents |
I. Introduction; II. Stylized Facts: Local Market Trends; List of Figures; 1. Emerging Europe: Private Sector Financing, End-2005; Stock markets; 2. Emerging Europe: Growth in Stock Market Capitalization, 2003-06; 3. Europe: Stock Market Capitalization, End-2006; 4. Emerging Europe: Stock Market Turnover, 2006; Bond markets; List of Tables; 1. Emerging Europe: Equity Market Concentration, End-2007; 5. Emerging Europe: Outstanding Government Bonds, End-2006; 6. Developed Europe: Outstanding Government Bonds, End-2006; 7. Emerging Europe: Outstanding Corporate Bonds, End-2006 |
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Foreign exchange and derivatives marketsList of Boxes; 1. Emerging Europe: Trading in Derivatives Market; III. Factors Enabling Local Market Development; Stock markets and privatization methods; Market infrastructure and benchmarks; Institutional investors; 8. Europe: Size of Institutional Investors, End-2006; Corporate governance and transparency; 2. Pension Funds in Poland; IV. Selected Policy Issues; Enforcement of laws and regulations; Credit risk pricing; The role of foreign investors; 9. JPMorgan Emerging Local Markets Index Plus; Derivatives markets; The future of local exchanges |
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V. Concluding RemarksAppendix I. Emerging Europe: Capital Markets Statistics; A.1. Emerging Europe: Main Stock Exchanges and Stock Market Indices, End-2006; A.2. Emerging Europe: Availability of Bond Instruments; A.3. Emerging Europe: Foreign Exchange Turnover, 1998-2007; A.4. Emerging Europe: Availability of Local Exchange-Traded and OTC Derivatives Instruments; A.1. Emerging Europe: Over-the Counter and Exchange-Traded Derivatives in Selected Countries; A.5. Emerging Europe: Holdings of Government Bonds by Investor Type; A.6. Emerging Europe: Availability of Government Bond Tenors |
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Appendix II. Emerging Europe: Institutional InvestorsPension Funds; A.2. Emerging Europe: Pension Fund; A.3. Developed Europe: Pension Fund; A.7. Emerging Europe: Composition of Pension Fund Holdings, June 2006; A.8. Emerging Europe: Pension Fund Investment Restrictions, End-2006; Mutual Funds; A.4. Emerging Europe: Mutual Fund Assets, End-2006\f C; A.5. Developed Europe: Mutual Fund Assets, End-2006; A.6. Mutual Fund Net Holdings of Equities by Region, End-2006; A.7. Mutual Fund Net Holdings of Bonds by Region, End-2006 |
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A.9. Emerging Europe: Mutual Fund Holdings in Selected Countries, End-2005Insurance Companies; A.8. Europe: Foreign Companies' Share of the Domestic Insurance Market, End-2004; A.9. Europe: Insurance Product Penetration, End-2004; A.10. Europe: Outstanding Investment in Domestic Companies' Securities by Direct Insurance Companies, 2004; References |
| Summary |
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as establishing pricing benchmarks, adopting, implementing and enforcing securities laws and regulations, encouraging the growth of an institutional investor base, and providing adequate trading infrastructure. This paper provides an overview of the trends in the region's local capital markets, and examines the mai |
| Notes |
Description based upon print version of record |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
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Description based on online resource; title from PDF cover (ebrary, viewed July 3, 2015) |
| Subject |
Capital market -- Europe
|
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Stock exchanges -- Europe
|
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Capital market
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Stock exchanges
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Europe
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| Form |
Electronic book
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| Author |
Ong, Li Lian, author
|
| ISBN |
1462358837 |
|
9781462358830 |
|
1452760187 |
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9781452760186 |
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9786612840586 |
|
6612840587 |
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1282840584 |
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9781282840584 |
|
1451869649 |
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9781451869644 |
|
