Nasdaq Chief Economist: Strong Pension System Necessary for Capital Market Development
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Phil Mackintosh, Nasdaq's chief economist and senior vice president, says in an interview with VŽ that countries that want strong capital markets should follow the example of the US and the Nordic countries and ensure that they first and foremost have a strong pension system. This will not happen quickly, but it is the only way to ensure strong demand for shares, which, in turn, will attract companies seeking financing to the stock market.
·Bosnia and Herzegovina
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