Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets

We would like to thank Akos Valentinyi and Mark Schaffer for their advice on various stages of this research project. We also would like to thank our col league

This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still a work in process. Three interacting forc

Looks at the process of transition from independent national financial markets to a more integrated, globalized market and the key factors that lie behind growt

The integration of the countries of Central and Eastern Europe and the Commonwealth of Independent States international financial system was arguably one of the