Capital Market Development in Transition Economies

Financial experts, economists from OECD member countries as well as government officials from several Central and Eastern European Countries and Russia describe strategic choices and policy options based on their experiences with different privatisation methods, regulatory approaches and government debt management policies. The presentation of actual experiences and policy challenges encountered by government officials in creating and regulating securities markets -- in particular very frank accounts by Russian and Czech officials of attempts to combat fraudulent practices of certain market participants -- makes this book unique. The range of lessons found here will provide support for countries currently in market turmoil and insights on the process of building capital markets for policy makers, academics and market participants.