Emerging Capital Markets and Globalization

Emerging Capital Markets and Globalization
Author :
Publisher : World Bank Publications
Total Pages : 232
Release :
ISBN-10 : 9780821365441
ISBN-13 : 0821365444
Rating : 4/5 (444 Downloads)

Book Synopsis Emerging Capital Markets and Globalization by : Augusto de la Torre

Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006-10-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.


Emerging Capital Markets and Globalization Related Books

Emerging Capital Markets and Globalization
Language: en
Pages: 232
Authors: Augusto de la Torre
Categories: Business & Economics
Type: BOOK - Published: 2006-10-20 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p
Emerging Market Economies and Financial Globalization
Language: en
Pages: 260
Authors: Leonardo E. Stanley
Categories: Business & Economics
Type: BOOK - Published: 2018-03-15 - Publisher: Anthem Press

DOWNLOAD EBOOK

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However
Financial Globalization and Democracy in Emerging Markets
Language: en
Pages: 366
Authors: L. Armijo
Categories: Business & Economics
Type: BOOK - Published: 1999-01-13 - Publisher: Springer

DOWNLOAD EBOOK

When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial tur
Emerging Markets and Financial Globalization
Language: en
Pages: 204
Authors: Paolo Mauro
Categories: Business & Economics
Type: BOOK - Published: 2006-03-16 - Publisher: Oxford University Press, USA

DOWNLOAD EBOOK

The frequency and virulence of recent financial crises have led to calls for reform of the current international financial architecture. In an effort to learn m
Emerging Markets and the Global Economy
Language: en
Pages: 927
Authors: Mohammed El Hedi Arouri
Categories: Business & Economics
Type: BOOK - Published: 2013-12-26 - Publisher: Academic Press

DOWNLOAD EBOOK

Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Desp