Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries

This paper assesses the role of non-bank financial institutions and capital markets in the financial sectors of the eight first-wave of Eastern European EU accession countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak...

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Main Authors: Bakker, Marie-Renée, Gross, Alexandra
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
EU
GDP
Online Access:http://documents.worldbank.org/curated/en/2004/02/3101148/development-non-bank-financial-institutions-capital-markets-european-union-accession-countries
http://hdl.handle.net/10986/15030
id okr-10986-15030
recordtype oai_dc
spelling okr-10986-150302021-04-23T14:03:12Z Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries Bakker, Marie-Renée Gross, Alexandra FINANCIAL INSTITUTIONS CAPITAL MARKETS BANKING SYSTEM INSURANCE PENSION FUND MUTUAL FUNDS LEASING FACTORING FACILITIES VENTURE CAPITAL PROGRAMS EQUITY MARKETS INTEGRATION FIXED INCOME MARKETS FINANCIAL SECTOR ASSETS PRIVATE PENSION FUNDS MUTUAL FUND SCHEMES LEASING FINANCIAL SYSTEMS INSURANCE COMPANIES STOCK MARKET TRANSACTIONS ACCOUNTING ASSETS AUDITING BANK CREDIT BANK DEPOSITS BANK FOR INTERNATIONAL SETTLEMENTS BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BOND MARKETS CAPITAL MARKETS CAPITALIZATION CENTRAL BANKS CONSOLIDATION CONSUMER PROTECTION DEPOSITS ECONOMIC GROWTH ECONOMIC PERFORMANCE EQUITY INVESTMENTS EQUITY MARKETS EU EUROPEAN CENTRAL BANK FACTORING FINANCIAL ASSETS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS GDP GOVERNMENT BONDS GROSS DOMESTIC PRODUCT GROWTH POTENTIAL INCOME INCOME LEVELS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE PREMIUMS INSURERS INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS LAWS LEGAL STATUS LIFE INSURANCE LIFE INSURANCE COMPANIES MACROECONOMIC STABILITY MERGERS MONOPOLIES MORTGAGE LOANS MORTGAGE MARKETS MUTUAL FUND MUTUAL FUNDS NON-LIFE INSURANCE OFFERINGS PENSION FUND MANAGEMENT PENSION FUNDS PENSION SCHEMES PER CAPITA INCOME PER CAPITA INCOMES PRIVATE PENSION FUNDS PRIVATIZATION PROBLEM BANKS PROFITABILITY PROPERTY INSURANCE PUBLIC DEBT REINSURANCE REINSURANCE MARKETS RETIREMENT RISK MANAGEMENT RISK UNDERWRITING SAVINGS SAVINGS INSTITUTIONS SAVINGS SCHEMES SECURITIES SECURITIES EXCHANGES SOCIAL SECURITY SOCIAL SECURITY SYSTEMS SUBSIDIARIES SYSTEMIC RISK TRUSTS UNEMPLOYMENT UNIVERSAL BANKING VENTURE CAPITAL This paper assesses the role of non-bank financial institutions and capital markets in the financial sectors of the eight first-wave of Eastern European EU accession countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia), the current state of development and prospects for future growth, and the likely impact on these segments of the financial system of accession to the EU. Throughout the paper, the level of development of nonblank financial institutions and capital markets in the accession countries is benchmarked against comparable development levels seen in existing EU member states. The paper concludes with a series of policy recommendations to facilitate future development of non-bank forms of financial intermediation. 2013-08-12T20:31:14Z 2013-08-12T20:31:14Z 2004-02 http://documents.worldbank.org/curated/en/2004/02/3101148/development-non-bank-financial-institutions-capital-markets-european-union-accession-countries 0-8213-5788-3 http://hdl.handle.net/10986/15030 English en_US World Bank Working Paper;No. 28 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Eastern Europe European Union
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic FINANCIAL INSTITUTIONS
CAPITAL MARKETS
BANKING SYSTEM
INSURANCE
PENSION FUND
MUTUAL FUNDS
LEASING
FACTORING FACILITIES
VENTURE CAPITAL PROGRAMS
EQUITY MARKETS INTEGRATION
FIXED INCOME MARKETS
FINANCIAL SECTOR
ASSETS
PRIVATE PENSION FUNDS
MUTUAL FUND SCHEMES
LEASING
FINANCIAL SYSTEMS
INSURANCE COMPANIES
STOCK MARKET TRANSACTIONS ACCOUNTING
ASSETS
AUDITING
BANK CREDIT
BANK DEPOSITS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK RESTRUCTURING
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BOND MARKETS
CAPITAL MARKETS
CAPITALIZATION
CENTRAL BANKS
CONSOLIDATION
CONSUMER PROTECTION
DEPOSITS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EQUITY INVESTMENTS
EQUITY MARKETS
EU
EUROPEAN CENTRAL BANK
FACTORING
FINANCIAL ASSETS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEMS
GDP
GOVERNMENT BONDS
GROSS DOMESTIC PRODUCT
GROWTH POTENTIAL
INCOME
INCOME LEVELS
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INSURANCE MARKETS
INSURANCE PREMIUMS
INSURERS
INTEREST RATES
INTERNATIONAL ACCOUNTING STANDARDS
LAWS
LEGAL STATUS
LIFE INSURANCE
LIFE INSURANCE COMPANIES
MACROECONOMIC STABILITY
MERGERS
MONOPOLIES
MORTGAGE LOANS
MORTGAGE MARKETS
MUTUAL FUND
MUTUAL FUNDS
NON-LIFE INSURANCE
OFFERINGS
PENSION FUND MANAGEMENT
PENSION FUNDS
PENSION SCHEMES
PER CAPITA INCOME
PER CAPITA INCOMES
PRIVATE PENSION FUNDS
PRIVATIZATION
PROBLEM BANKS
PROFITABILITY
PROPERTY INSURANCE
PUBLIC DEBT
REINSURANCE
REINSURANCE MARKETS
RETIREMENT
RISK MANAGEMENT
RISK UNDERWRITING
SAVINGS
SAVINGS INSTITUTIONS
SAVINGS SCHEMES
SECURITIES
SECURITIES EXCHANGES
SOCIAL SECURITY
SOCIAL SECURITY SYSTEMS
SUBSIDIARIES
SYSTEMIC RISK
TRUSTS
UNEMPLOYMENT
UNIVERSAL BANKING
VENTURE CAPITAL
spellingShingle FINANCIAL INSTITUTIONS
CAPITAL MARKETS
BANKING SYSTEM
INSURANCE
PENSION FUND
MUTUAL FUNDS
LEASING
FACTORING FACILITIES
VENTURE CAPITAL PROGRAMS
EQUITY MARKETS INTEGRATION
FIXED INCOME MARKETS
FINANCIAL SECTOR
ASSETS
PRIVATE PENSION FUNDS
MUTUAL FUND SCHEMES
LEASING
FINANCIAL SYSTEMS
INSURANCE COMPANIES
STOCK MARKET TRANSACTIONS ACCOUNTING
ASSETS
AUDITING
BANK CREDIT
BANK DEPOSITS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK RESTRUCTURING
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BOND MARKETS
CAPITAL MARKETS
CAPITALIZATION
CENTRAL BANKS
CONSOLIDATION
CONSUMER PROTECTION
DEPOSITS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EQUITY INVESTMENTS
EQUITY MARKETS
EU
EUROPEAN CENTRAL BANK
FACTORING
FINANCIAL ASSETS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIATION
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEMS
GDP
GOVERNMENT BONDS
GROSS DOMESTIC PRODUCT
GROWTH POTENTIAL
INCOME
INCOME LEVELS
INSURANCE
INSURANCE COMPANIES
INSURANCE INDUSTRY
INSURANCE MARKETS
INSURANCE PREMIUMS
INSURERS
INTEREST RATES
INTERNATIONAL ACCOUNTING STANDARDS
LAWS
LEGAL STATUS
LIFE INSURANCE
LIFE INSURANCE COMPANIES
MACROECONOMIC STABILITY
MERGERS
MONOPOLIES
MORTGAGE LOANS
MORTGAGE MARKETS
MUTUAL FUND
MUTUAL FUNDS
NON-LIFE INSURANCE
OFFERINGS
PENSION FUND MANAGEMENT
PENSION FUNDS
PENSION SCHEMES
PER CAPITA INCOME
PER CAPITA INCOMES
PRIVATE PENSION FUNDS
PRIVATIZATION
PROBLEM BANKS
PROFITABILITY
PROPERTY INSURANCE
PUBLIC DEBT
REINSURANCE
REINSURANCE MARKETS
RETIREMENT
RISK MANAGEMENT
RISK UNDERWRITING
SAVINGS
SAVINGS INSTITUTIONS
SAVINGS SCHEMES
SECURITIES
SECURITIES EXCHANGES
SOCIAL SECURITY
SOCIAL SECURITY SYSTEMS
SUBSIDIARIES
SYSTEMIC RISK
TRUSTS
UNEMPLOYMENT
UNIVERSAL BANKING
VENTURE CAPITAL
Bakker, Marie-Renée
Gross, Alexandra
Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
geographic_facet Eastern Europe
European Union
relation World Bank Working Paper;No. 28
description This paper assesses the role of non-bank financial institutions and capital markets in the financial sectors of the eight first-wave of Eastern European EU accession countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia), the current state of development and prospects for future growth, and the likely impact on these segments of the financial system of accession to the EU. Throughout the paper, the level of development of nonblank financial institutions and capital markets in the accession countries is benchmarked against comparable development levels seen in existing EU member states. The paper concludes with a series of policy recommendations to facilitate future development of non-bank forms of financial intermediation.
format Publications & Research :: Publication
author Bakker, Marie-Renée
Gross, Alexandra
author_facet Bakker, Marie-Renée
Gross, Alexandra
author_sort Bakker, Marie-Renée
title Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
title_short Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
title_full Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
title_fullStr Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
title_full_unstemmed Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries
title_sort development of non-bank financial institutions and capital markets in european union accession countries
publisher Washington, DC: World Bank
publishDate 2013
url http://documents.worldbank.org/curated/en/2004/02/3101148/development-non-bank-financial-institutions-capital-markets-european-union-accession-countries
http://hdl.handle.net/10986/15030
_version_ 1764426025253470208