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Record Nr. |
UNINA9910155014103321 |
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Autore |
Brandão-Marques Luis |
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Titolo |
Stock Market Liquidity in Chile / / Luis Brandão-Marques |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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9781475554694 |
1475554699 |
9781475554779 |
147555477X |
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Descrizione fisica |
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1 online resource (29 pages) : illustrations (some color), tables |
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Collana |
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Disciplina |
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Soggetti |
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Stock exchanges - Chile |
Finance: General |
Investments: Stocks |
Corporate Governance |
International Financial Markets |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Portfolio Choice |
Investment Decisions |
General Financial Markets: General (includes Measurement and Data) |
Corporate Finance and Governance: Government Policy and Regulation |
Finance |
Investment & securities |
Corporate governance |
role & responsibilities of boards & directors |
Liquidity |
Stock markets |
Stocks |
Liquidity indicators |
Asset and liability management |
Financial markets |
Financial institutions |
Economic sectors |
Liquidity management |
Economics |
Stock exchanges |
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Role & responsibilities of boards & directors |
Chile |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 3½ percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code. |
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