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Record Nr. |
UNINA9910452147703321 |
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Autore |
Torre Augusto de la |
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Titolo |
Emerging capital markets and globalization [[electronic resource] ] : the Latin American experience / / Augusto de la Torre and Sergio L. Schmukler |
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Pubbl/distr/stampa |
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Palo Alto, Calif., : Stanford University Press, c2007 |
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ISBN |
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1-280-64354-4 |
9786610643547 |
0-8213-6544-4 |
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Descrizione fisica |
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1 online resource (232 p.) |
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Collana |
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Latin American development forum |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Capital market - Latin America |
Globalization - Economic aspects |
Electronic books. |
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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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Note generali |
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"A copublication of Stanford Economics and Finance, an imprint of Stanford University Press, and the World Bank." |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Contents; Foreword; Acknowledgments; About the Authors; Abbreviations; 1 Whither Capital Market Development?; 2 Developments in Capital Markets; Figures; 3 Factors behind the Development and Internationalization of Capital Markets; Tables; 4 Whither the Reform Agenda?; Endnotes; References; Index |
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Sommario/riassunto |
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Back in the early 1990's, 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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