+612 9045 4394
 
CHECKOUT
Emerging Capital Markets and Globalization : The Latin American Experience :  The Latin American Experience - Augusto de la Torre

Emerging Capital Markets and Globalization : The Latin American Experience

The Latin American Experience

Paperback Published: October 2006
ISBN: 9780821365434
Number Of Pages: 220

Share This Book:

Paperback

RRP $100.99
$80.95
20%
OFF
or 4 easy payments of $20.24 with Learn more
Ships in 7 to 10 business days

Over the last 15 years or so, countries in Latin America implemented significant reforms to foster domestic capital market development. Despite the intense reform efforts, the performance of capital markets in most countries has been disappointing. In this study, we document the main developments in capital markets in Latin America and analyze the factors that drive stock market development. In light of this analysis, we discuss whether and how to recast the capital market reform agenda going forward.

Whither capital market development?p. 1
Why does financial development matter?p. 5
Evolution and globalization of capital marketsp. 8
Main developments in domestic capital marketsp. 13
Factors behind the development and internationalization of capital marketsp. 15
Policy implicationsp. 19
Conclusionsp. 21
Developments in capital marketsp. 25
The global contextp. 26
Developing countries in the global contextp. 30
Developments in domestic capital marketsp. 43
Participation in international capital marketsp. 72
Conclusionsp. 80
Annex : when "marking to market" becomes "marking to model"p. 81
Factors behind the development and internationalization of capital marketsp. 83
Factors behind capital market developmentp. 85
Stock market internationalizationp. 110
Domestic capital market development in Latin Americap. 129
Conclusionsp. 131
Whither the reform agenda?p. 139
What went wrong and what to do next?p. 144
Back to basicsp. 152
Final remarksp. 162
Annex : regional capital markets integration - a viable alternative?p. 164
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780821365434
ISBN-10: 0821365436
Series: Latin American Development Forum
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 220
Published: October 2006
Publisher: World Bank Publications
Country of Publication: US
Dimensions (cm): 22.23 x 15.24  x 1.91
Weight (kg): 0.33