CEU Electronic Theses and Dissertations, 2010
| Author | Butsa, Yuriy |
|---|---|
| Title | Stock Markets Development in Eastern Europe. Evidence from Poland, Hungary, Russia and Ukraine |
| Summary | This paper analyses performance indicators of the Polish, Hungarian, Russian and Ukrainian stock markets. All markets have different levels of development and different reasons behind this. Russia and Ukraine suffer from weak quality of law and law enforcement, which restrains the market liquidity. The Hungarian and Polish markets reached high level of development in terms of market activity and regulations; however after internal driving forces for further development became less effective, went different ways. The Budapest Stock Exchange despite being very liquid, was small and very concentrated one, therefore had no other choice but to be acquired by a large international one. In contrast, the Warsaw Stock Exchange grew from the local into international one and became an attractive place for public placements of European companies. |
| Supervisor | Professor Attila Ratfai |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2010/butsa_yuriy.pdf |
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