01881cas a2200253 a 4500 AALejournalIMF005054 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869644 1018-5941 BD-DhAAL BD-DhAAL Ong, Li. The Capital Markets of Emerging Europe : Institutions, Instruments and Investors / Li Ong, Silvia Iorgova. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (51 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as establishing pricing benchmarks, adopting, implementing and enforcing securities laws and regulations, encouraging the growth of an institutional investor base, and providing adequate trading infrastructure. This paper provides an overview of the trends in the region's local capital markets, and examines the main factors that have contributed to their growth and effectiveness to date. It also discusses selected policy responses necessary to further improve the breadth and depth of these markets. Mode of access: Internet Iorgova, Silvia. IMF Working Papers; Working Paper ; No. 2008/103 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/103/001.2008.issue-103-en.xml IMF e-Library