The Role of Financial Markets in the Transition Process by Emilio Colombo

By Emilio Colombo

Financial Markets play an enormous position in monetary improvement, channeling saving to investments and facilitating development. In japanese Europe monetary markets have been in the beginning a lot underdeveloped, and lacked the abilities and infrastructure they had to be effective, having now not got them within the pre-transition period. The e-book deals a either theoretical and empirical research of monetary markets in transitional economies. It investigates monetary markets in Hungary, the Czech Republic, and Poland, and their position within the advancements within the 1990s.

Show description

Read or Download The Role of Financial Markets in the Transition Process PDF

Similar banks & banking books

Hypocrisy trap : the World Bank and the poverty of reform

Because the preeminent foreign improvement service provider for the prior sixty years, the area financial institution has attracted equivalent quantities of feedback and compliment. Critics are particularly speedy to decry the area Bank's hypocrisy--the pervasive gaps among the organization's speak, judgements, and activities. within the wake of the Paul Wolfowitz management scandal in could 2006, perceptions of hypocrisy have exacted a heavy toll at the Bank's authority and fueled robust calls for for wide-scale reform.

Behavioural Finance for Private Banking

Content material: bankruptcy 1 creation (pages 1–9): bankruptcy 2 determination idea (pages 11–66): bankruptcy three Behavioural Biases (pages 67–104): bankruptcy four probability Profiling (pages 105–134): bankruptcy five Product layout (pages 135–155): bankruptcy 6 Dynamic Asset Allocation (pages 157–185): bankruptcy 7 lifestyles Cycle making plans (pages 187–206): bankruptcy eight established Wealth administration method (pages 207–227): bankruptcy nine end and Outlook (pages 229–230):

Historical Dictionary of the World Bank

While it was once based again in 1944 not anyone might be able to have foreseen how the realm financial institution – recognized extra officially because the overseas financial institution for Reconstruction and improvement (IBRD) – may flourish. at the present time, with 188 participants, it truly is through a long way the biggest lender for tasks in agriculture, overall healthiness, infrastructure and lots of different fields in constructing nations around the globe, with the cheap of billions of bucks and a employees of greater than 9,000, and its suggestion is generally heeded by means of either the constructing international locations which borrow from it and the complex ones which give a contribution.

Offshore Finance and Small States: Sovereignty, Size and Money

One direction in the direction of improvement taken by way of a couple of small jurisdictions is the institution of an offshore monetary centre. this article analyses the particular fiscal contribution for numerous small Caribbean economies and the influence to persisted operation coming up from a global initiative for the alternate of taxpayer details.

Additional info for The Role of Financial Markets in the Transition Process

Sample text

2001) found Poles the most entrepreneurial. Evidence suggests that the growth of SMEs has not been restrained by lack of finance. At the same time, there has been a succession of policies to make the environment more hospitable to these enterprises. The OECD report on Poland (OECD, 2001) notes that finance has been provided through sever al sources including venture capital investments, which amounted to US$2 billion in 2000. Bank finance has also been available. Surveys report that 30-40% of SMEs regularly use zloty bank credits and 5-8% foreign currency credits, and only 10-15% report that their banking needs are not satisfied.

In particular, both the current ratio (current assets over current liabilities) and the quick ratio (current assets minus inventories over current liabilities) have faHen in the state sector. For both indicators, the gap between the two sectors has been widening in recent years (Figs. 6). The value of the current ratio has stabilised for the private sector, while the private sector's quick ratio is incre as ing rapidly enough to result in increase in the aggregate (Le. identic al to weighted average) quick ratio.

6% of the value of fixed assets (Rocznik Statystyczny 2001) One explanation for these differences in investment levels is that stateowned companies are de facto controlled by their employees. Their strategies are characterised by: 1) a shorter time horizon, and 2) greater incentives for portfolio diversification, as employees have both their human capital and financial investment attached to their own company and may wish to diversify risk. It may imply a lower level of investment in the firm. (Under socialism the problem was avoided, as funds for investment were administered centrally).

Download PDF sample

Rated 4.93 of 5 – based on 27 votes