The Czech capital market has not played an important role in the development of the Czech economy thus far. On the other hand... it has been used and often abused as a tool of wealth redistribution in the CR Czech Republic], and has influenced the outcome of winners and losers of the transformation process to date. Ten countries in Central and Eastern European (CEECs) have applied for membership in the European Union (EU). They could gain from exchanging lessons of experiences and best practices with each other as they address the common set of challenges in their preparation for EU...