Estonian Securities Market - Book Reviews,
by Burke John J. A.
Estonian Securities Market SYNOPSIS The emerging markets of Eastern Europe present
investors with an opportunity to obtain long term returns potentially higher
than those returns available in established markets. Called �The Wunderkind of
the Ex-Soviet Union� the Republic of Estonia offers the investor an opportunity
to invest in a market with a stable government, growing economy and solid
currency. Five years after inheriting a moribund Sovietized industrial economy,
Estonia has reformed its industries and its currency has been the most stable
currency of ex-Soviet republics at eight kroons to the Deutsche mark since its
adoption in 1992.
This book provides the investor with an introduction and
guide to investment in Estonia�s stock market. It examines the history and
development of the capital market; the major public companies and investment
funds; the laws of the securities market; the Rules and Regulations of the
Tallinn Stock Exchange, the currency and tax system, and the effect of the
October 1997 correction.
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