The Impact of the Financial Crisis on the Capital Market in the V4 Countries

Martin Hudec

University of Economics in Bratislava, Faculty of Commerce, Department of Marketing, Dolnozemská cesta 1/A, 852 35 Bratislava 5, Slovak Republic,

e-mail: [email protected]

Abstract


European financial and capital markets went through a turbulent period of rapid fall and rebounding rise in the form of development in recent years in the context of integrity processes and overall functioning. The financial crisis has given further impulse to the continued development of European structures and the convergence of the V4 countries towards developed structures. The aim of this scientific research is based on the available theoretical and empirical knowledge with the usage of statistical quantitative examination as part of econometric methods and models in real economic applications and on the basis of application analysis and comparison to define the financial market, capital market, their segmentation, tools of functioning in the Visegrad conditions and to highlight the impact of the financial crisis on capital markets in the V4 countries during the crisis period of the years 2008-2012. The scientific
contribution will be evaluating and reflecting by statistical analysis the development in financial markets in the V4 countries affected by the financial crisis. Knowledge of financial market and its development
in the countries of Visegrad serves as the basis for all individual economic decisions of market subjects and clusters in terms of financial management, while providing guidance on the application of standardized or adapted decisions under crisis development in a complex international environment, with the usage and processing expertise from renowned foreign and domestic authors and particularly amending the scientific research issues.

Keywords: Financial Market, Capital Market, Financial Crisis, Visegrad Group


JEL Classification: D51, O4, O16

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