Share

Creating Domestic Capital Markets in Developing Countries

2020
Download Creating Domestic Capital Markets in Developing Countries PDF Online Free

Author :
Release : 2020
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Creating Domestic Capital Markets in Developing Countries by : Dimitrios G. Demekas

Download or read book Creating Domestic Capital Markets in Developing Countries written by Dimitrios G. Demekas. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: Domestic capital markets that are deep, efficient, and well-regulated can create access to long-term, local-currency finance. Interviews with market participants reveal four important findings. First, there are two distinct phases of capital market development, an embryonic phase in which the government is predominant and a mature phase in which the capital market starts to serve the private sector. Each phase has distinct preconditions and drivers that determine the success of capital market development. Second, capital market development requires continuous monitoring and policy interventions due to changing market stages, some of them stable but suboptimal. Third, while capital markets are a crucial source of large volume, long-term local currency finance, they often fail smaller countries and companies. Finally, as the capital market develops, intangible or 'soft' factors become more important, including financial sophistication, a culture of trading and risk-taking, the quality of human capital, and an appreciation of transparency.

The Future of Domestic Capital Markets in Developing Countries

2003-09-05 Business & Economics
Download The Future of Domestic Capital Markets in Developing Countries PDF Online Free

Author :
Release : 2003-09-05
Genre : Business & Economics
Kind : eBook
Book Rating : 107/5 ( reviews)

GET EBOOK


Book Synopsis The Future of Domestic Capital Markets in Developing Countries by : Robert E. Litan

Download or read book The Future of Domestic Capital Markets in Developing Countries written by Robert E. Litan. This book was released on 2003-09-05. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It captures the views of a global gathering of experts, with perspectives from developing and developed countries, from all regions of the world, from the public and private sector. This volume should be of interest to senior financial sector policymakers from developed and developing countries in securities and exchange commissions, regulators, central banks, ministries of finance, and monetary authorities; private sector executives in stock exchanges, bond markets, venture capital markets, and investment funds; and researchers and academicians with an interest in capital market development in emerging markets. What are the key factors threatening the development and survival of stock exchanges in developing countries? What domestic strategies are needed to protect the future of local markets? Should exchanges consider linkages or alliances? Merging with, or buying up, other exchanges? Demutualization? The volume provides practical guidance on strategies such as nurturing issuers, improving rules and institutions, addressing regulatory challenges, and sequencing reforms. The contributors address a variety of country experiences, and suggest steps that policymakers and practitioners in emerging markets can take to promote an orderly transition toward efficient, well-regulated, and accessible capital markets. Contributors include Reena Aggarwal (Georgetown University), Alexander S. Berg (World Bank), Alan Cameron (Sydney Futures Exchange), Olivier Fremond (PSACG), Amar Gill (Credit Lyonnais Securities Asia), Gerd Hausler (IMF), Jack Glen (International Finance Corporation), Peter Blair Henry (Stanf

Emerging Capital Markets and Globalization

2006-10-20 Business & Economics
Download Emerging Capital Markets and Globalization PDF Online Free

Author :
Release : 2006-10-20
Genre : Business & Economics
Kind : eBook
Book Rating : 444/5 ( reviews)

GET EBOOK


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. This book was released on 2006-10-20. 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.

The Development of Local Capital Markets

2014-12-19 Business & Economics
Download The Development of Local Capital Markets PDF Online Free

Author :
Release : 2014-12-19
Genre : Business & Economics
Kind : eBook
Book Rating : 201/5 ( reviews)

GET EBOOK


Book Synopsis The Development of Local Capital Markets by : Mr.Luc Laeven

Download or read book The Development of Local Capital Markets written by Mr.Luc Laeven. This book was released on 2014-12-19. Available in PDF, EPUB and Kindle. Book excerpt: Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop local capital markets have had mixed success. This paper reviews the literature on the benefits and costs of developing local capital markets, and describes the challenges faced in the development of such markets. The paper concludes with a set of policy recommendations emerging from this literature.

Mobilizing Domestic Capital Markets for Infrastructure Financing

1997 Business & Economics
Download Mobilizing Domestic Capital Markets for Infrastructure Financing PDF Online Free

Author :
Release : 1997
Genre : Business & Economics
Kind : eBook
Book Rating : 387/5 ( reviews)

GET EBOOK


Book Synopsis Mobilizing Domestic Capital Markets for Infrastructure Financing by :

Download or read book Mobilizing Domestic Capital Markets for Infrastructure Financing written by . This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 369. Hydropower and irrigation projects involving reservoirs can displace thousands of people from their traditional lands and deprive them of their livelihoods. If poorly planned, they can also lead to environmental degradation. Solutions to these problems must be found--solutions that are technically feasible, sustainable, environmentally appropriate, and acceptable to the people who are resettled. This paper explains how the planned, integrated development of fishery ecosystems in reservoirs not only can mitigate the negative social consequences of dam construction, but also can enhance the economic benefits from hydropower and irrigation projects in many developing countries. The paper draws on the success of fish farming efforts in the Saguling and Cirata reservoirs in Java, which attests to the potential for creating employment in reservoirs that are in place and under construction around the world.

You may also like...