Czech Republic: Capital Market Review

The book provides a comprehensive analysis of the Czech capital market's efficiency post-reforms in the early 1990s, highlighting its initial successes and subsequent decline in macroeconomic performance starting in 1996. It identifies flaws in the regulatory framework, particularly regarding minority shareholder rights and governance mechanisms, which hindered the benefits of privatization. The report critically assesses the existing institutional framework across key sectors, pinpointing deficiencies and offering recommendations for enhancing the overall effectiveness of the capital market.