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

This paper assesses the role of non-bank financial institutions and capital markets in the financial sectors of the eight first-wave of Eastern European EU accession countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia), the current state of development...

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Bibliographic Details
Main Author: Bakker, Marie-Renée
Corporate Author: Banco Mundial
Other Authors: Gross, Alexandra
Format: Book
Published: Washington, D.C. World Bank 2004
Series:World Bank working paper no. 28
Subjects:
Description
Summary:This paper assesses the role of non-bank financial institutions and capital markets in the financial sectors of the eight first-wave of Eastern European EU accession countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia), the current state of development and prospects for future growth, and the likely impact on these segments of the financial system of accession to the EU. Throughout the paper, the level of development of nonblank financial institutions and capital markets in the accession countries is benchmarked against comparable development levels seen in existing EU member states. The paper concludes with a series of policy recommendations to facilitate future development of non-bank forms of financial intermediation.
Physical Description:ix, 40 p. : il.
Bibliography:Incluye bibliografía
ISBN:0-8213-5788-3
ISSN:1726-5878