ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE
Capital market in Romania is in a slow process of development, because the performances of the Bucharest Stock Exchange (BSE) are ranking it among the last ones in Europe. The causes of slow development of capital market and remain behind compared to other Eastern European markets are numerous and c...
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ftrepec:oai:RePEc:ine:journl:v:2:y:2008:i:36:p:145-159 2024-04-14T08:08:02+00:00 ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE Mirela MATEI http://www.revecon.ro/articles/2008-2/2008-2-10.pdf unknown http://www.revecon.ro/articles/2008-2/2008-2-10.pdf article ftrepec 2024-03-19T10:35:09Z Capital market in Romania is in a slow process of development, because the performances of the Bucharest Stock Exchange (BSE) are ranking it among the last ones in Europe. The causes of slow development of capital market and remain behind compared to other Eastern European markets are numerous and consist of: late establishment of the two parts of the capital market – stock exchange and OTC market, modest use of capital market in the privatization process of state-owned companies; compromise of investment funds after scandals with SAFI and FNI; delay reform of the pension system, withdrawal from Bucharest Stock Exchange of major companies such as Dacia Piteºti, Arctic Gãieºti or Terapia Cluj Napoca, using bank credit as financing method of Romanian companies. Products lunched by BSE must satisfy the requirements of local and foreign investors who were already accustomed to derivatives launched by the Financial and Commodities Exchange from Sibiu. In addition, Bucharest Stock Exchange should use the experience of major European and American ones that run large financial processes of innovation and launched contracts on weather, volatility indices, price indexes for real estate, etc. securities, derivatives, capital markets, development, integration, and financial innovation Article in Journal/Newspaper Arctic RePEc (Research Papers in Economics) Arctic |
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Capital market in Romania is in a slow process of development, because the performances of the Bucharest Stock Exchange (BSE) are ranking it among the last ones in Europe. The causes of slow development of capital market and remain behind compared to other Eastern European markets are numerous and consist of: late establishment of the two parts of the capital market – stock exchange and OTC market, modest use of capital market in the privatization process of state-owned companies; compromise of investment funds after scandals with SAFI and FNI; delay reform of the pension system, withdrawal from Bucharest Stock Exchange of major companies such as Dacia Piteºti, Arctic Gãieºti or Terapia Cluj Napoca, using bank credit as financing method of Romanian companies. Products lunched by BSE must satisfy the requirements of local and foreign investors who were already accustomed to derivatives launched by the Financial and Commodities Exchange from Sibiu. In addition, Bucharest Stock Exchange should use the experience of major European and American ones that run large financial processes of innovation and launched contracts on weather, volatility indices, price indexes for real estate, etc. securities, derivatives, capital markets, development, integration, and financial innovation |
format |
Article in Journal/Newspaper |
author |
Mirela MATEI |
spellingShingle |
Mirela MATEI ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
author_facet |
Mirela MATEI |
author_sort |
Mirela MATEI |
title |
ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
title_short |
ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
title_full |
ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
title_fullStr |
ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
title_full_unstemmed |
ASPECTS REGARDING THE DEVELOPMENT OF BUCHAREST STOCK EXCHANGE |
title_sort |
aspects regarding the development of bucharest stock exchange |
url |
http://www.revecon.ro/articles/2008-2/2008-2-10.pdf |
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op_relation |
http://www.revecon.ro/articles/2008-2/2008-2-10.pdf |
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1796305472184123392 |