Emerging Capital Markets and Globalization. The Latin American Experience. | Augusto De La Torre & Sergio Schumukler Toon niet leverbare titels Emerging Capital Markets and Globalization | Augusto De La Torre & Sergio Schumukler

SERGIO SCHUMUKLER [EDS.]./TORRE, AUGUSTO DE LA

ISBN 10: 0821365436 / ISBN 13: 9780821365434

Published by Washington, The World Bank. 2006, 2006

About this Item

Original publisher's paperback, pictorial frontcover, large 8vo: xviij, 210pp., tables - figs - notes & references, acknowledgements, notes on authors, abbreviations, lists maps - figs - tables, endnores, general bibliography, index. Very fine copy - as new.

Seller Inventory # 157634

Bibliographic Details

• Title: Emerging Capital Markets and Globalization. The Latin American Experience. | Augusto De La Torre & Sergio Schumukler Toon niet leverbare titels Emerging Capital Markets and Globalization | Augusto De La Torre & Sergio Schumukler
• Publisher: Washington, The World Bank. 2006
• Publication Date: 2006
• Language: English
• ISBN 10: 0821365436
• ISBN 13: 9780821365434
• Binding: Soft cover

About this title

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.

From the Back Cover

“This insightful analysis of what went wrong in Latin America’s capital markets since the 1990s is a must read for anyone interested in financial markets, international finance, or economic development. I learned an enormous amount from reading Emerging Capital Markets and Globalization and will recommend it highly to students and colleagues.”—Ross Levine, Brown University