Capital Market Structure And Barriers To Financial Liberalization
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Author | : Yoon-Je Cho |
Publisher | : |
Total Pages | : 34 |
Release | : 1984 |
Genre | : Capital market |
ISBN | : |
Download Capital Market Structure and Barriers to Financial Liberalization Book in PDF, Epub and Kindle
Author | : Miguel Urrutia |
Publisher | : United Nations University Press |
Total Pages | : 302 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : 9789280806380 |
Download Financial Liberalization and the Internal Structure of Capital Markets in Asia and Latin America Book in PDF, Epub and Kindle
Author | : Cevdet Denizer |
Publisher | : World Bank Publications |
Total Pages | : 60 |
Release | : 1997 |
Genre | : Banks and banking |
ISBN | : |
Download The effects of financial liberalization and new bank entry on market structure and competition in turkey Book in PDF, Epub and Kindle
Author | : José Antonio Ocampo |
Publisher | : OUP Oxford |
Total Pages | : 388 |
Release | : 2008-05-01 |
Genre | : Business & Economics |
ISBN | : 0191528153 |
Download Capital Market Liberalization and Development Book in PDF, Epub and Kindle
Capital market liberalization has been a key battle in the debate on globalization for much of the previous two decades. Many developing countries, often at the behest of international financial institutions such as the IMF, opened their capital accounts and liberalized their domestic financial markets as part of the wave of liberalization that characterized the 1980s and 1990s and in doing so exposed their economies to increased risk and volatility. Now with even the IMF acknowledging the risks inherent in capital market liberalization, the central intellectual battle over the effects of capital market liberalization has for the most part ended. Though this new understanding of the consequences of capital market liberalization is reshaping many policy discussions among academics and international institutions, ideological and vested interests remain. Critical policy debates also remain, such as how much government should intervene and what tools are available. Although capital market liberalization might not produce the promised benefits, many economists and policymakers still worry about the costs of intervention. Do these costs exceed the benefits? What are the best kinds of interventions, under what circumstances? To answer these questions, we have to understand why capital market liberalization has failed to enhance growth, why it has resulted in greater instability, why the poor appear to have borne the greatest burden, and why the advocates of capital market liberalization were so wrong. Bringing together some of the leading researchers and practitioners in the field, this volume provides an analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management.
Author | : Yoon Je Cho |
Publisher | : |
Total Pages | : 30 |
Release | : 1984 |
Genre | : |
ISBN | : |
Download Capital Marktet Structure and Barriers to Financial Liberalization Book in PDF, Epub and Kindle
Author | : Miguel Urrutia |
Publisher | : |
Total Pages | : 0 |
Release | : 1988 |
Genre | : Capital market |
ISBN | : 9789280806380 |
Download Financial Liberalization and the Internal Structure of Capital Markets in Asia and Latin America Book in PDF, Epub and Kindle
Author | : Mr.Luc Laeven |
Publisher | : International Monetary Fund |
Total Pages | : 25 |
Release | : 2014-12-19 |
Genre | : Business & Economics |
ISBN | : 1498372201 |
Download The Development of Local Capital Markets Book in PDF, Epub and Kindle
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.
Author | : |
Publisher | : |
Total Pages | : 184 |
Release | : 1997 |
Genre | : |
ISBN | : 9789282787939 |
Download Capital Market Liberalization Book in PDF, Epub and Kindle
Author | : Augusto de la Torre |
Publisher | : World Bank Publications |
Total Pages | : 232 |
Release | : 2006-10-20 |
Genre | : Business & Economics |
ISBN | : 0821365444 |
Download Emerging Capital Markets and Globalization Book in PDF, Epub and Kindle
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.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 600 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0226065995 |
Download Globalization in Historical Perspective Book in PDF, Epub and Kindle
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.