| Author(s): |
† prof. Ing. Michal Mejstřík CSc., Laštovička, R. - Marcinčin, A
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| Type: |
Articles in refereed journals |
| Year: |
1994 |
| Number: |
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| ISSN / ISBN: |
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| Published in: |
Working Paper No. 54, CERGE |
| Publishing place: |
Praha |
| Keywords: |
Capital markets
Privatization
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| JEL codes: |
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| Suggested Citation: |
Mejstřík, M.- Laštovička, R. - Marcinčin, A..: Privatization and Opening the Capital Market in the Czech Republic, Working Paper No. 54, Praha, CERGE 1994, 50 pp. |
| Grants: |
402/93/0683 (1993-1996) Privatization process in the Czech Republic
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| Abstract: |
Privatization in the Czech Republic has been seen as an extremely important part of the reform package together with stabilization and liberalization, and is supported by both the public and parliament; an important consideration is ensuring that the process maintains its momentum. The Czech Republic has embarked on an unprecendented path that has lead to a very rapid emergence of its private enterprise sector, risen from scratch to two thirds of GNP. In addition, the process of large privatization has enabled capital markets to emerge with thousands of shares traded. The main characteristics and relationships of related processes are described by the authors; special attention is paid to the rationality of voucher bidding in the light of newly created capital markets.
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