Impact of Excession of Eurozone Entry on the Czech financial Market
|Author:||Mgr. Martin Vlček|
|Year:||2002 - summer|
|Leaders:|| doc. Mgr. Tomáš Holub Ph.D.
|Work type:|| Finance and Banking
|Awards and prizes:|
|Abstract:||The participation of the Czech Republic in the European Monetary Union will have substantial effects on Czech financial markets. Current trends in the euro-area financial sector do already have strong influence on the development in Czech financial markets in many respects, with different intensity and through various channels: growing competitive pressures requiring higher market efficiency, the convergence play, changes in the structure of owners as well as in the institutional framework and increased demands on technical parameters.
The purpose of this paper is therefore to describe the developments of the financial markets in both areas, to analyse increasing linkages, to suggest future trends and to discuss some current topics related to the integrating process of the financial sector.