Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in the pre-transition era. The book offers a both theoretical and empirical analysis of financial markets in transitional economies. It investigates financial markets in Hungary, the Czech Republic, and Poland, and their role in the developments in the 1990s.
E. Colombo, J. Driffill: Financial Markets and Transition.- J. Driffill, T. Mickiewicz: The Order of Financial Liberalisation. Lessons from the Polish Experience.- F. Carmignani: Economic and Financial Transition in Hungary.- D. Delli Gatti, R. Longaretti: Endogenous Startups, Financial Conditions, and Capital Accumulation.- E. Colombo, A. Valentinyi: Wealth Distribution, Occupational Choice and the Behaviour of the Interest Rate.- M. Lossani, P. Tirelli: Financial Instability in the Transition Economies. Lesson from East (Asia) for (East) Europe.- L. Papi, D. Revoltella: Foreign Direct Investment in the Banking Sector. Experiences and Lessons from CEECs.- E. Colombo, D. Revoltella: Corporate Capital Structure in Transition. Evidence from Hungarian and Czech Firms.
Overview
Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in the pre-transition era. The book offers a both theoretical and empirical analysis of financial markets in transitional economies. It investigates financial markets in Hungary, the Czech Republic, and Poland, and their role ...