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Record Nr. |
UNINA9910464000703321 |
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Autore |
Chami Ralph |
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Titolo |
A framework for financial market development [[electronic resource] /] / prepared by Ralph Chami, Connel Fullenkamp and Sunil Sharma |
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Pubbl/distr/stampa |
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Washington, D.C., : International Monetary Fund, IMF Institute, 2009 |
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ISBN |
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1-4623-1036-2 |
1-4527-1677-3 |
1-282-84369-9 |
1-4518-7303-4 |
9786612843693 |
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Descrizione fisica |
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1 online resource (60 p.) |
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Collana |
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IMF working paper ; ; WP/09/156 |
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Altri autori (Persone) |
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FullenkampConnel |
SharmaSunil |
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Soggetti |
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Banks and banking |
Capital market |
Financial instruments |
Foreign exchange market |
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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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. The Framework: Key Players and their Incentives; A. Borrowers; B. Lenders; C. Liquidity Providers; D. Regulators; III. The Framework: Compromises That Define Financial Instruments; A. The Space of Financial Contracts; B. The Maturity-Collateral Compromise; C. The Seniority-Control Compromise; IV. Applying the Framework: Issues in Financial Market Development; A. Nascent Financial Markets; B. The Bond Market; C. Asset-Backed Securities; D. The Equity Market; E. Derivatives; F. The Loan Market and the Role of Banks; V. Concluding Remarks; References |
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Sommario/riassunto |
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The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity |
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