Finance Outlook of Norway
Thursday, April 1, 2010
Norway has a small but highly developed financial sector. Both businesses and individuals will continue to have access to a wide range of equities, bonds, derivatives and other financing vehicles. Some of the main features of its economy are as follows;
- In terms of stock market financing, the potential disadvantage of having a relatively small bourse in Oslo is largely overcome by membership of NOREX, an alliance between the Nordic and Baltic exchanges. NOREX also offers a joint bond market.
- The financial markets are generally well supervised, meeting all international obligations, including capital-adequacy requirements.
- Household debt and corporate debt has risen rapidly in recent years, fuelled by historically low interest rates, and banks are likely to face rising loan losses as the economy recovers only slowly from the downturn in 2008-09.
- Exchange rate volatility increased markedly following the onset of the global credit crunch in August 2007, reflecting shifting risk appetites, but diminished in 2009 and the krone should be more stable in 2010-11.
Labels: Norway
posted @ 1:13 PM,
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