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Sunday, May 3, 2020 | History

2 edition of directions of ownership reform and capital market development in the Polish economy found in the catalog.

directions of ownership reform and capital market development in the Polish economy

Witold Walkowiak

directions of ownership reform and capital market development in the Polish economy

by Witold Walkowiak

  • 303 Want to read
  • 22 Currently reading

Published by Institute of Finance in Warsaw .
Written in English

    Places:
  • Poland.
    • Subjects:
    • Privatization -- Poland.,
    • Capital market -- Poland.

    • Edition Notes

      Includes bibliographical references (p. 22).

      StatementWitold Walkowiak.
      SeriesWorking papers ;, no 6, Working papers (Instytut Finansów (Poland)) ;, no 6.
      Classifications
      LC ClassificationsHG186.P7 W67 no. 6, HD4215.7 W67 no. 6
      The Physical Object
      Pagination23 p. ;
      Number of Pages23
      ID Numbers
      Open LibraryOL1950095M
      LC Control Number90175568

        The Capital Markets Master Plan (CMMP) charts the direction of the Kenyan capital markets over a year period ending in The plan positions the capital market to take up a . Get this from a library! THE POLITICAL ECONOMY OF CHINA'S FINANCIAL REFORMS: FINANCE IN LATE DEVELOPMENT.. [Paul Bowles; Gordon White] -- THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since China's reformers have stressed the construction of a more diverse, flexible, and competitive financial system.

      Toward a comparative perspective on corporate governance and labour These types reflect strong correlations between national capital market development (e.g. shareholder rights, market capitalisation, ownership dispersion, or merger Section 2 reviews economic theories relating corporate governance and labour management, as well as. A similar relationship exists between the quality of shareholder protection and the development of countries’ capital markets. Figure 2 depicts the relationship between an index of shareholder rights [the index of La Porta and others (), adjusted for the efficiency of the judicial system] and the size of the stock market (relative to GDP).The equity rights index is the summation of five.

      The U.S. capital markets are the largest, deepest, and most vibrant in the world and of critical importance in supporting the U.S. economy. The United States successfully derives a larger por-tion of business financing from its capital markets, rather than the . 20 Years of USAID Economic Growth Assistance in Europe and Eurasia ii DEDICATION Dedicated to the nationals of the 29 countries in the Europe and Eurasia region who over more than 20 years became our friends, co-workers, counterparts, and partners in what might well be the greatest political and economic transition in modern history.


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Directions of ownership reform and capital market development in the Polish economy by Witold Walkowiak Download PDF EPUB FB2

Bank has provided policy advice and support to important reform initiatives, in areas such as capital market development, privatisation and sustainable energy. While Poland is among the most advanced transition countries, transition gaps still remain. Furthermore, graduation has been delayed by the financial crisis.

Poland. There are enormous challenges in transferring state-owned property — which constitutes around 90 per cent of industrial capital in Eastern Europe — to private hands in a manner that is rapid, equitable, and fiscally sound, and that accomplishes two fundamental goals: the efficient operation of the resulting private enterprises and the development of efficient capital by: ownership reform.

If these premises are true, full­ scale reform is impossible. Given the direction of the causal arrows, political reform without a transition to competitive markets is possible, although in the long run democracy will also be undermined if the economy stagnates" ( 5).

In this scenario, while communism has lost, the. equity capital of 18 Polish listed corporations exceeded 30 per cent and in some of them was about 50 per cent. The high volume of the investment as well as characteristics of the emerging capital markets as low liquidity and concentrated ownership have also encouragedCited by: capital market is the largest in the region.

Credit institutions support the country's economic performance through balanced loan growth and the capital market is an important source of funding for companies.

The impact on bank profitability of the new tax on financial institutions remained Size: 1MB. European Economic Review 33 () North-Holland ECONOMIC REFORMS, INTERNATIONAL CAPITAL FLOWS AND THE DEVELOPMENT OF THE DOMESTIC CAPITAL MARKET IN CPEs Richard PORTES Birkbeck College, University of London, London WIP IPA, Centre for Economic Policy Research, London SWI Y 6LA, UK 1.

Pension Reform and the Development of Pension Systems: An Evaluation of World Bank Assistance. Prepared by the Independent Evaluation Group (IEG), Washington, DC: International Bank for Reconstruction and Development and the World Bank.

This research project gives an overview of the Polish pension system. It provides an analysis of the development of the public and private social security system since its reform in On balance, a one-step reform appears preferable, especially since roughly comparable inter-temporal cost sharing can be achieved through use of some debt financing.

In addition, the phase-in strategy delays the economic benefits from capital market development. Financing the transition. However, when an economy grows, it generates a surplus, which fuels the growth of financial sector.

Hence, the direction of causality between financial market development and economic growth remains ambiguous and open to empirical scrutiny. Furthermore, the direction of this causal relationship has significant implications for policy. Research on the Management of Enterprises in the People’s Republic of China: Current Status and Future Directions January DOI: /_1.

Aging population, pension funds, and financial markets: regional perspectives and global challenges for Central, Eastern, and Southern Europe (English) Abstract. Population aging is a worldwide phenomenon, but it is particularly advanced in highly developed northern countries.

Significance of Capital Markets A well functioning stock market may help the development process in an economy through the following channels: 1. Growth of savings, 2. Efficient allocation of investment resources, 3. Better utilization of the existing resources. In market economy like India, financial market institutions provide the avenue by which.

For detailed development of this analysis, see Joseph Norton, ‘Reflections on the development of capital markets, stock exchanges and securities regulations in central and eastern Europe’, in U. Drobnig, K. Hopt, K.

Kötz and E.-J. Mestmäcker (eds), Systemtransformation In Mittel-und Osteuropa und ihre Folgen für Banken, Börsen und. Conscious effort by the state can only speed up these processes—if the direction of development is correctly recognized—or slow them down.

At least, this is how I interpret one of the basic theses of The Great Transformation: ‘A market economy can only exist in a market society.’ In taking this view, Polanyi agrees with Hayek.

The Impact of Ownership Structure on Capital Structure of Manufacturing Firms: Evidence from the ISE () Institutional Investors and Stock Market Development: A Causality Study: Pension Reform, the Stock Market, Capital Formation and Economic Growth: A Critical Commentary on the World Bank’s Proposals.

protection can affect the economy of a country. Strict investor protection is associated with greater equity investment and financial market development (Djankov et al. A developed capital market enhances saving, turns savings into investment, and thus aids a country‱s economic development (Beck et al.

Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classicalliberalization in short is "the removal of controls" in order to encourage economic development.

It is also closely associated with neoliberalism. CGFS - Structural changes in banking after the crisis iii Preface The experience of the global financial crisis, the post-crisis market environment and changes to regulatory frameworks have had a marked impact on the banking sector globally.

In response to their new operatin g. by implementing specific policies and practices of corporate governance system. Such a system requires an independent Board, responsible for monitoring and control of management, to improve its organizational performance and recovery.

In the UK, but also in other Anglo-Saxon countries, where market economy has significantly. Leszek Balcerowicz (b. ) As Poland's finance minister and deputy prime minister in the s, Leszek Balcerowicz oversaw a sweeping program of economic reform.Good corporate governance helps to build an environment of trust, transparency and accountability necessary for fostering long-term investment, financial stability and business integrity, thereby supporting stronger growth and more inclusive societies.

Stock Market Development and Economic Growth: Evidence from Egyptian Economy (name)(tutor)(course)(institution)(date) AbstractThis paper is concerned with the effect that the stock market development has on economic growth.

The study sets out to determine whether stock market development in emerging countries, taking Egypt as a sample, has led to growth in the economy.