Creating Capital Markets in Eastern Europe

American authorities bad loans Bank's bankers banking system billion forints bonds brokers Budapest Stock Exchange Bulgaria capital markets common commercial banks companies corporate currency Czechoslovakia debt deposits domestic East Central Europe East European countries Eastern Europe economic established financial system foreign capital foreign investment Foreign Trade Bank foreign-exchange risk Frankfurt funds German guarantee Hungarian Hungary increase initial institutions interest rates investment banks investors Japanese lending liabilities London major market cap ment monetary overhang NASDAQ National Bank nonperforming assets nonperforming loans ownership P/E ratios percent of total Poland portfolio potential prises private banks problems public-sector enterprises ratio region restructuring and privatization result role Salomon Brothers Savings Bank securities shares Southeastern Europe specialized commercial banks state-owned stock market strategy supply response takeovers tion Tokyo trading volume turnover universal banks unproductive loans valuation Western World Bank York Stock Exchange