UID:
almafu_9958059432202883
Format:
xvii, 90 pages ;
,
25 cm.
Edition:
1st ed.
ISBN:
1-280-08493-6
,
9786610084937
,
1-4175-6801-1
Series Statement:
World Bank working paper ; no. 45
Note:
Bibliographic Level Mode of Issuance: Monograph
,
Intro -- Contents -- Acknowledgments -- Acronyms and Abbreviations -- Executive Summary -- 1. Introduction -- Background -- Objective of the Study -- 2. Recent Evolution of NBFIs in Romania -- Overall Financial Sector Development -- Macroeconomic Environment -- Corporate Sector Developments -- Banks in Romania -- Non-Bank Financial Sector Development -- Capital Markets -- Equity Markets -- T-bills -- Government Bonds -- Sub-sovereign and Municipal Bonds -- Corporate Bonds -- Non-bank Financial Institutions -- Insurance -- Pension Funds -- Investment and Mutual Funds -- Leasing -- Factoring -- Mortgage and Housing Finance -- Credit Insurance -- Corporate Governance -- 3. Capital Markets and NBFIs: Key Challenges and Recommended Policy Reforms -- Impact of Macroeconomic and Sectoral Policies -- Structural Impediments to Growth -- Legal, Regulatory, Supervisory, Tax, and Infrastructure Impediments -- Securities Markets -- Bond Market -- Insurance -- Pensions -- Leasing -- Factoring -- Mortgage and Housing Finance -- Corporate Governance -- Accounting, Transparency, and Disclosure -- 4. Proposed Action Plan -- Recent Government Reforms Supported By PAL -- Legal and Regulatory Reforms -- Capacity Building for Supervisory Authorities -- Strengthening Capital Market Infrastructure -- Structural Reforms -- Corporate Governance Reforms -- Legal and Regulatory Issues -- Securities Market Regulation and Supervision Among Regulatory Agencies -- Accounting, Transparency, and Disclosure -- Market Infrastructure -- Equity Mobilization and Credit Enhancement -- Bibliography -- LIST OF TABLES -- 1. Macroeconomic Profile of Romania, 1996-2003 -- 2. Macroeconomic Comparison with EU-15 and CE-3 Countries, 1997-2003 -- 3. Data on Privatized Firms and Outstanding State Enterprises, 1992-2003 -- 4. Structural Comparison of Romania, the EU-15 and the CE-3, 1997-2003.
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5. Profile of Romania's Banking System, 1996-2003 -- 6. Comparison of Romania's Banking System, the EU-15 and the CE-3, 1996-2003 -- 7. Profile of Romania's Financial Sector, 2003 -- 8. Romania's Market Indicators vs. Czech Republic and Hungary, 1996-2003 -- 9. Market Capitalization in Romania, 1996-2003 -- 10. Trade Volume and Turnover on the Romanian Exchanges, 1996-2003 -- 11. Adjustments to Market Capitalization and Turnover for Float, 2003 -- 12. Romania's, EU-15 and CE-3 Market Indicators, 1996-2002 -- 13. T-bills in Romania, 1996-2003 -- 14. T-bill Yields in Romania, 1996-2003 -- 15. T-bills Rates, 1996-2003 -- 16. Government Bonds and Domestic Debt Securities: 1996-2003 -- 17. Trading Volume and Turnover of Domestic Government Securities: 2000-2003 -- 18. Sovereign Debt Securities in the Eurobond Market: 1999-2003 -- 19. International Rating Agencies' Perceptions of Romania -- 20. Public Debt Securities in Romania, the EU-15 and CE-3 Markets: 1996-2003 -- 21. Municipal Bonds in Romania: 2000-2003 -- 22. Profile of Romanian Municipal Bond Features, 2003 -- 23. Profile of Romanian Domestic Corporate Bond Features, 2003 -- 24. Insurance Sector Indicators for Romania, 1997-2003 -- 25. Insurance Market Indicators for Selected EU Countries, 2002. -- 26. Insurance Market Indicators for CE-3 Countries for 2002 -- 27. Financial Performance of the Pension System, 1995-2003 (% of GDP) -- 28. Investment Fund Indicators for Romania, 1998-2003 -- 29. Summary of Leasing Data for Romania, 2001-2003 -- 30. Factoring Volume Indicators, 1997-2002 -- 31. Structural Targets -- 32. Corporate Governance Reform Targets -- 33. Strengthening Coordination Between Regulatory Authorities Targets -- 34. Targets for CNVM and Securities Market Regulation/Supervision -- 35. Pension: Legal and Regulatory Reform Targets -- 36. Insurance: Legal and Regulatory Reform Targets.
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37. Mortgage and Housing Finance: Legal and Regulatory Reform Targets -- 38. Municipal and Corporate Bond: Legal and Regulatory Reform Targets -- 39. Leasing: Legal and Regulatory Reform Targets -- 40. Accounting and Disclosure Targets -- 41. Market Infrastructure Targets -- 42. Targets for Credit Enhancements -- LIST OF FIGURES -- 1. Financial Sector Development Indicators: Romania vs. EU-15, 2002.
,
English
Additional Edition:
ISBN 0-8213-6015-9
Language:
English
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