Kapitálové trhy

Title in English Growth accounting for Visegrad states: dual approach

JONÁŠ Jan SLANÝ Antonín a kol.

Year of publication 2007
Type Chapter of a book
MU Faculty or unit

Faculty of Economics and Administration

Description The subsection deals with the financial intermediaries and their influence on capital and growth of economy. This influence is investigated on three levels. One deals with the role of primary market on acumulation of capital. The second takes attention to the secondary market and its liquidity as this is another factor affecting capital accumulation. The third connection deals with bank sector and the role of credit on accumulation of capital. Banking sector is in all V-4 countries the primary source of capital and it experienced quite similar development in all compared countries. The stock markets were newly established and they are now the important part of economy. But their role is primarily on secondary market than on primary market.
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