Emerging Capital Markets and Globalization: The Latin American Experience - Couverture souple

Livre 9 sur 40: Latin American Development Forum

De La Torre, Augusto; Schmukler, Sergio

 
9780804757195: Emerging Capital Markets and Globalization: The Latin American Experience
Couverture souple
ISBN 10 : 0804757194 ISBN 13 : 9780804757195
Editeur : Stanford University Press, 1960

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Augusto de la Torre is Senior Regional Financial Sector Advisor for Latin America and the Caribbean. Sergio Schmukler is a Senior Economist in the Development Research Group of the World Bank.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Stanford University Press
Date d'édition
1960
Langue
anglais
ISBN 10 
0804757194
ISBN 13 
9780804757195
Reliure
Broché
Nombre de pages
224
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9780821365434: Emerging Capital Markets And Globalization: The Latin American Experience

Edition présentée

ISBN 10 :  0821365436 ISBN 13 :  9780821365434
Editeur : World Bank Publications, 2006
Couverture souple