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From a centrally planned monobank system to integrated financial markets? - A critical view on the Baltic States' financial market developments (Paperback)
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From a centrally planned monobank system to integrated financial markets? - A critical view on the Baltic States' financial market developments (Paperback)
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Scholarly Research Paper from the year 2008 in the subject
Economics - Monetary theory and policy, grade: 1,0, University of
Applied Sciences Kaiserslautern (Betriebswirtschaft - Studiengang:
Finanzdienstleistung), 22 entries in the bibliography, language:
English, comment: Die Arbeit entstand im Rahmen eines
Studiensemesters in Lettland und befasst sich mit den wesentlichen
Entwicklungsschritten in den Kernsegmenten der Finanzmarkte der
drei ehemaligen Sowjetrepubliken. Die Betrachtungsperiode umfasst
dabei die Zeit vom Zusammenbruch der Sowjetunion, von einem ehemals
zentralgesteuerten "Ein-Bank- Sytem" hin zur Frage ob nach dem
Beitritt zur EU im Jahre 2004 bis heute die Finanzmarkte der drei
baltischen Tigerstaaten als integriert angesehen werden konnen oder
nicht., abstract: More than three years went past since the
European Union has increased by eight new member states from
Central and Eastern Europe. Among them, especially the Baltic
States have reached recently high economic growth rates. In
particular Latvia, which recorded the highest one (11.9% in 2006)
in the whole European Union. Having regained their independence in
1991, after the breakdown of the Soviet Union, the three Baltic
States might have developed after a more than 10- year continuing
transformation- process of their economies, through self- confident
countries with interesting investment opportunities for foreign
investors. Since the independence of the three Baltic States was
restored, all three countries were driven to replace the centrally
planned, socialist system, forced by the Soviet Union through a
structure based system on free market principles. A continuing
order of political and economical events during the last two
decades, and the contemporaneous developments in the financial
markets, as well as the banking and insurance sector of the three
Baltic states, upcoming changes in the course of onward
globalisation, and the broadening unification in financial market
regulation led
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