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Institutionelle Hintergründe der Finanzmarktintegration: Handlungsbedarf im Zuge der EU-Osterweiterung

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  • Theresia Theurl

Abstract

2004 wird die Europäische Union voraussichtlich zehn neue Mitglieder aufweisen. Acht von ihnen sind Transformationsökonomien mit den damit verbundenen besonderen Merkmalen ihrer Finanzsektoren. Deren Transformation hat in den vergangenen Jahren große Fortschritte gemacht, ist jedoch keinesfalls abgeschlossen. Das Niveau der Finanzintermediation ist insgesamt gering, der Bankensektor dominiert, und die Kapitalmärkte sind unterentwickelt. Effiziente Finanzmärkte der Beitrittsländer und ihre Integration in den EU-Finanzraum sind notwendige Voraussetzungen für die wirtschaftliche Entwicklung sowie für eine effektive monetäre Politik. Vor dem Beitritt zur Währungsunion ist der Finanzmarktstatus der acht mittel- und osteuropäischen Ökonomien noch deutlich zu verbessern.

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  • Theresia Theurl, 2003. "Institutionelle Hintergründe der Finanzmarktintegration: Handlungsbedarf im Zuge der EU-Osterweiterung," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 72(4), pages 510-521.
    • Handle: RePEc:diw:diwvjh:72-40-3
    DOI: 10.3790/vjh.72.4.510
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