INSTITUTIONAL CONDITIONING OF THE DEVELOPMENT OF CAPITAL MARKET IN POLAND
DOI:
https://doi.org/10.12775/EiP.2006.018Abstract
The capital market fulfils certain functions in the economy. It is widely thought that the capital market is its pillar. This statement poses a challenge to definition of the state and the circumstances of its development. Present tendencies at the developed capital markets i.e. globalisation, liberalisation, competition, mergers, alliances cause that one should outline the ways of the development of Polish investment market.
The extensiveness of the subject causes that the author of the paper decided to focus the analytical attention on the institutional conditions of the stock-exchange share market.
Further parts of the article define the term of the institutionalism and the essence of the institution. The separation of the components of the given definition allowed for the analysis of the existing state and of the conditions of the development of the capital market in the light of legal regulations. Then the strategy of the Warsaw Stock Exchange was described, embedded in its progress determinants. The paper closes with the section concerning the supply – demand conditions of the development of the stock exchange market.
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