Community Research and Development Information Service - CORDIS


Privatisation and financial market development (PFM), EUR 21530

Project ID: HPSE-CT-1999-00007


This publication contains the final report of the project "Privatisation and Financial Market Development", whose work has primarily contributed to the area "Economic development and dynamics".
The report contains information about the main scientific findings of this project and their policy implications. The research was carried out by 6 teams over a period of 30 months, starting in February 2000.
Governments privatise to achieve several objectives, including the development of financial markets. This research project aimed at analysing to what extent privatisation could actually achieve this goal, and what effects it could have on financial markets development and integration and on the stabilisation of financial systems. The results provide new theories and empirical evidence on these issues and they seem to confirm that privatization represents an important element of financial stabilization via the reduction in country and policy risk.
The abstract and executive summary presented in this edition offer the reader an overview of these and other scientific and policy conclusions, before the main body of the research provided in the other chapters of this report.

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