It was the aim of this project to evaluate the current status of Cental and Eastern European capital markets (particularly in Czech Republic, Hungary, Poland, Slovakia) and to develop proposals for policy actions concerning the future integration of these capital markets into the Western capital markets. The study concentrates on the organisation of CEE stock exchanges (amongst each other and to Western European exchanges) and the importance of CEE capital markets for corporate finance.

Selected Publications

Articles in Refereed Journals

Monographs, Contributions to Edited Volumes

Koeke, Jens and Michael Schröder (2002), The Future of Eastern European Capital Markets, in: European Investment Bank EIB Papers, LLL:citation.label.volume Vol. 7, No. 1 Luxembourg, 117-138.

Discussion and Working Papers


European Investment Bank , Luxemburg , LU

Project duration

01.09.2001 - 31.01.2002

Project members

Dr. Michael Schröder (Coordinator)
Dr. Jens Köke