THE RELATIONSHIP BETWEEN ECONOMIC FACTORS AND EQUITY MARKETS IN CENTRAL EUROPE
Author: JAN HANOUSEK AND RANDALL K. FILER
Publisher:
Published: 1997
Total Pages: 20
ISBN-13:
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The Transformation of the European Financial System
Author: Vitor Gaspar
Publisher:
Published: 2003-01-01
Total Pages: 334
ISBN-13: 9789291813483
DOWNLOAD EBOOKDevelopment of Financial Markets in Central Europe
Author: Mr.Robert Tchaidze
Publisher: International Monetary Fund
Published: 2011-05-01
Total Pages: 35
ISBN-13: 1455254320
DOWNLOAD EBOOKFinancial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this paper helps identify factors that explain this phenomenon. We find that the observed differences cannot be explained by macroeconomic variables only, but incorporating indicators of institutional development and external funding eliminates the gap in the case of the equity and private credit markets. However, for the private bond market a significant gap remains even after accounting for these factors.
European Financial Markets
Author: Tony Southall
Publisher: Springer Science & Business Media
Published: 2008-10-08
Total Pages: 200
ISBN-13: 3790820741
DOWNLOAD EBOOKEU membership involves political and economic reforms which influence financial markets in the new member states. This study empirically explores and quantifies the effects of EU accession on the risk and return of equity markets in eight Central and Eastern European markets joining the EU in 2004. The study also incorporates a review of how the influence of macroeconomic variables and the level of integration with global and European markets change as a result of EU membership. Based on empirical tests using weekly data over ten years, this study concludes that EU membership results in a significant decline in equity market volatility and a significant increase in risk-adjusted, but not absolute, equity returns. Furthermore, the study suggests that equity markets in new EU member states become increasingly influenced by global rather than local macroeconomic factors after the EU accession and that the level of integration with global markets increases.
Economic Reforms and Capital Markets in Central Europe
Author: Ken Morita
Publisher: Routledge
Published: 2017-11-30
Total Pages: 296
ISBN-13: 1351159399
DOWNLOAD EBOOKIs the economic reform of Central Europe influenced by or an influence upon capital markets? Where does globalization fit in? Ken Morita's pioneering work investigates the relationship between the systemic transition of Central European economies and capital markets, in particular the commodity futures markets and speculation.
East European Transition and EU Enlargement
Author: Wojciech W. Charemza
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 385
ISBN-13: 3642574971
DOWNLOAD EBOOKIn March 1998 the European Union formally launched the accession process that will lead to a significant enlargement of the Union. So far ten countries from Central Europe: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic and Slovenia have submitted their applications for EU membership. This unique process immediately attracted attention of economists and policy makers. Nevertheless, it can be noticed that among numerous results already published, there is a distinctive shortage of books and papers in which quantitative research methods are applied. This is to a large extent justified by the fact that the transition and accession processes are new to the economic sciences, their methodology is not wellresearched, statistical data for the Central and East European countries are scarce and not always reliable and, generally, quantitative approach seems to be a risky and uncertain business. All these all problems can also be seen as a challenge rather than an obstacle. With this on mind, we have decided to clarify the status quo by organising a research seminar which focused on the methodology and quantitative analysis of the Central and East European transition and pre-accession processes. The seminar, East European Transition and EU Enlargement: a Quantitative Approach organised by Macroeconomic and Financial Data Centre (University of Gdansk and University ofLeicester) took place in Gdansk in June 2001. Our edited volume contains papers developed from this seminar.
Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance
Author: Ray, Nilanjan
Publisher: IGI Global
Published: 2014-02-28
Total Pages: 509
ISBN-13: 1466651555
DOWNLOAD EBOOKThe dynamic economic climate invites participants who are grounded in strategic financial management and infrastructure development. Thus, a lack of sufficient infrastructure, in both quality and quantity, often disqualifies developing countries from being key players in the global economy and influences other socioeconomic problems like unemployment, quality of work life, and quality of life. Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance discusses the efficiency of good infrastructure and its impact on socioeconomic growth and socioeconomic development in general and addresses contemporary aspects of the strategic financial management essential for accomplishing the objective of wealth maximization in today's challenging and competitive economy. This book is an essential research work for policy makers, government workers and NGO employees, as well as academicians and researchers in the fields of business, finance, marketing, management, accounting, MIS, public administration, economics, and law.
Socio-Economic Segregation in European Capital Cities
Author: Tiit Tammaru
Publisher: Routledge
Published: 2015-07-24
Total Pages: 415
ISBN-13: 1317637488
DOWNLOAD EBOOKGrowing inequalities in Europe are a major challenge threatening the sustainability of urban communities and the competiveness of European cities. While the levels of socio-economic segregation in European cities are still modest compared to some parts of the world, the poor are increasingly concentrating spatially within capital cities across Europe. An overlooked area of research, this book offers a systematic and representative account of the spatial dimension of rising inequalities in Europe. This book provides rigorous comparative evidence on socio-economic segregation from 13 European cities. Cities include Amsterdam, Athens, Budapest, London, Milan, Madrid, Oslo, Prague, Riga, Stockholm, Tallinn, Vienna and Vilnius. Comparing 2001 and 2011, this multi-factor approach links segregation to four underlying universal structural factors: social inequalities, global city status, welfare regimes and housing systems. Hypothetical segregation levels derived from those factors are compared to actual segregation levels in all cities. Each chapter provides an in-depth and context sensitive discussion of the unique features shaping inequalities and segregation in the case study cities. The main conclusion of the book is that the spatial gap between the poor and the rich is widening in capital cities across Europe, which threatens to harm the social stability of European cities. This book will be a key reference on increasing segregation and will provide valuable insights to students, researchers and policy makers who are interested in the spatial dimension of social inequality in European cities. Chapters 1 and 15 of this book are freely available as downloadable Open Access PDFs at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 3.0 license.
The story of your city
Author: Greg Clark
Publisher: European Investment Bank
Published: 2018-10-31
Total Pages: 131
ISBN-13: 9286138784
DOWNLOAD EBOOKBy the end of this century, 9 out of 10 Europeans will live in an urban area. But what kind of city will they call home? You'll find all the answers in CITY, TRANSFORMED, the new essay series from the European Investment Bank. This panoramic first essay in the series lays out a great sweeping history of European cities over the last fifty years—and showcases new directions being taken by some of our most innovative cities. Urban experts Greg Clark, Tim Moonen, and Jake Nunley based at University College London take a definitive look at how Europe's cities transformed from post-industrial decline to thriving metropolises that are as prosperous and liveable as anywhere on Earth.
Advances in Investment Analysis and Portfolio Management (New Series) Vol．5
Author: Cheng F. Lee
Publisher: Center for PBBEFR & Airiti Press
Published: 2012-04-01
Total Pages:
ISBN-13: 9866286215
DOWNLOAD EBOOKAdvances in Investment Analysis and Portfolio Management (New Series) is an annual publication designed to disseminate developments in the area of investment analysis and portfolio management. The publication is a forum for statistical and quantitative analyses of issues in security analysis, portfolio management, options, futures, and other related issues. The objective is to promote interaction between academic research in finance, economics, and accounting and applied research in the financial community.
