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

Bakker, Marie-René ; e ; Gross, Alexandra

Washington, DC:World Bank

关键词: FINANCIAL INSTITUTIONS;    CAPITAL MARKETS;    BANKING SYSTEM;    INSURANCE;    PENSION FUND;   

DOI  :  10.1596/0-8213-5788-3
RP-ID  :  28404

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper assesses the role of non-bankfinancial institutions and capital markets in the financialsectors of the eight first-wave of Eastern European EUaccession countries (the Czech Republic, Estonia, Hungary,Latvia, Lithuania, Poland, Slovakia, and Slovenia), thecurrent state of development and prospects for futuregrowth, and the likely impact on these segments of thefinancial system of accession to the EU. Throughout thepaper, the level of development of nonblank financialinstitutions and capital markets in the accession countriesis benchmarked against comparable development levels seen inexisting EU member states. The paper concludes with a seriesof policy recommendations to facilitate future developmentof non-bank forms of financial intermediation.