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Financial Development in Emerging Europe :, The Unfinished Agenda, Edda Zoli

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
Table Of Contents
Contents; I. Introduction; II. Indicators of Financial development in Emerging Europe; Figures; 1. Bank Credit To The Private Sector And Per Capita Income, 2006; 2. Bank Credit To The Private Sector, 2006 (Percent Of GDP); 3. Institutional Investor Size, 2006 (Percent Of GDP); 4. Equity Market Turnover And Capitalization, 2006; III. Determinants of financial sector development; A. Literature Review; 5. Outstanding Debt Securities, 2006; B. Determinants of financial development in emerging Europe; Tables; 1. Correlation Coefficients, 1999-2006
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
Form Of Item

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