Capital Markets and Financial Intermediation in The Baltics

By Niamh Sheridan, Alfred Schipke, Susan M George, Christian H. Beddies

January 14, 2004

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Niamh Sheridan, Alfred Schipke, Susan M George, and Christian H. Beddies Capital Markets and Financial Intermediation in The Baltics, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Summary

In just over a decade after independence, the three Baltic countries, Estonia, Latvia, and Lithuania, have transformed themselves into fully functioning, small open-market economies that will be joining the European Union. Capital Markets and Financial Intermediation in The Baltics analyzes the financial systems of the three countries and discusses some of their unique characteristics. The study also examines current distortions of the systems and discusses whether or not the Baltics should move from an almost exclusively bank-based system to one that relies more on capital markets. In the process, it addresses issues of corporate governance and regional integration.

Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Foreign banks, Securities markets, Stock markets

Keywords: Authorities' strategy, Baltics, Bank, Bond market, Capital markets, Commercial banks, EU accession countries, EU banking systems, EU integration, Foreign banks, Market, OP, Parent bank, Securities markets, Stock markets

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2004/002
Stock No:

S228EA
ISBN:

9781589062726
ISSN:

0251-6365

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