Structural Aspects Regarding the Bond Market from Central and Eastern Europe in International Context

The 16th International Economic Conference – IECS 2009, Universitatea Lucian Blaga, Sibiu, May 7-8, 2009

9 Pages Posted: 13 Nov 2010

See all articles by Mirela Matei

Mirela Matei

affiliation not provided to SSRN

Ioan Done

affiliation not provided to SSRN

Jonel Subic

affiliation not provided to SSRN

Jean Andrei

Petroleum and Gas University of Ploiesti

Date Written: May 9, 2009

Abstract

In Central and Eastern Europe, the equity segment dominates the capital market mainly due to the privatization process initiated in these countries. The bond market has been set up later, but the pace of development is high. This market knows a quantitative and qualitative development, and innovation process is intense in this field too. In our study, we analyze the development of the bond market from Central and Eastern Europe in the context of international financial crisis. We observe a high concentration of bonds market and the importance of domestic public bond segment. The Bucharest Stock exchange has a marginal position in Central and Eastern Europe, but we remark the position of Romanian exchange taking in account the value of bonds trading on international segments due to the support of international financial institutions.

Keywords: exchanges, bonds, risk, financial crises

JEL Classification: G15, G34

Suggested Citation

Matei, Mirela and Done, Ioan and Subic, Jonel and Andrei, Jean, Structural Aspects Regarding the Bond Market from Central and Eastern Europe in International Context (May 9, 2009). The 16th International Economic Conference – IECS 2009, Universitatea Lucian Blaga, Sibiu, May 7-8, 2009, Available at SSRN: https://ssrn.com/abstract=1707206 or http://dx.doi.org/10.2139/ssrn.1707206

Mirela Matei

affiliation not provided to SSRN ( email )

Ioan Done

affiliation not provided to SSRN ( email )

Jonel Subic

affiliation not provided to SSRN ( email )

Jean Andrei (Contact Author)

Petroleum and Gas University of Ploiesti ( email )

B-dul Bucuresti, No. 39
Ploiesti
Romania

HOME PAGE: http://www.upg-ploiesti.ro/

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