Emerging capital markets and globalization : the Latin American experience / Augusto de la Torre and Sergio L. Schmukler.
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 segme...
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Full Text (via ProQuest) |
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| Format: | eBook |
| Language: | English |
| Published: |
Palo Alto, Calif. : Washington, DC :
Stanford University Press ; World Bank,
©2007.
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| Series: | Latin American development forum.
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| Subjects: |
| Summary: | 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 envi. |
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| Physical Description: | 1 online resource (xviii, 209 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 185-201) and index. |
| ISBN: | 0821365444 9780821365441 1280643544 9781280643545 9786610643547 6610643547 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |