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
Date Written: May 9, 2009
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: Suggested Citation