Naslov
Comparative Analysis of Securities Regulations in Transition Economies

Autori
Aljinović Barač, Željana ; Klepo, Tina

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Second International Conference of the Faculty of Economics From Transition to development Globalisation and Political Economy of Development in Transition Economies : Conference Proceedings / Stojanov, Dragoljub ; Čulaković, Besim - Sarajevo : Ekonomski fakultet Sveučilišta u Zagrebu, 2003, 863-873

Skup
International Conference of the Faculty of Economics (2 : 2003)

Mjesto i datum
Sarajevo, Bosna i Hercegovina, 10.10.2003

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
capital market; securities regulation; regulatory framework

Sažetak
We made comparison between securities regulation systems in few transition economies, focusing our research on institutional market structure, general preconditions for effective securities supervision, registration and listing requirements and public availability of financial information. We used the market capitalization declared as a percentage of GDP, to compare relative importance of capital markets among several countries. Another measure used as indicator of degree of development of capital market is market turnover declared as a percentage of GDP. We concluded that the scope and content of securities regulations are remarkable, and considerable progress has been made. Nevertheless, the problems with practical implementation still obtain, hence the capital market authorities must create adequate national regulatory framework of laws and regulations, as well as supervisory practices.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA