04414oam 22011774 450 991015501410332120250426110507.0978147555469414755546999781475554779147555477X(CKB)3710000000973024(MiAaPQ)EBC4867558(Au-PeEL)EBL4867558(CaPaEBR)ebr11391082(CaONFJC)MIL974473(OCoLC)965719283(IMF)WPIEA2016223WPIEA2016223(EXLCZ)99371000000097302420020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierStock Market Liquidity in Chile /Luis Brandão-MarquesWashington, D.C. :International Monetary Fund,2016.1 online resource (29 pages) illustrations (some color), tablesIMF Working Papers9781475554656 1475554656 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/223Stock exchangesChileFinance: GeneralimfInvestments: StocksimfCorporate GovernanceimfInternational Financial MarketsimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfPortfolio ChoiceimfInvestment DecisionsimfGeneral Financial Markets: General (includes Measurement and Data)imfCorporate Finance and Governance: Government Policy and RegulationimfFinanceimfInvestment & securitiesimfCorporate governanceimfrole & responsibilities of boards & directorsimfLiquidityimfStock marketsimfStocksimfLiquidity indicatorsimfAsset and liability managementimfFinancial marketsimfFinancial institutionsimfEconomic sectorsimfLiquidity managementimfEconomicsimfStock exchangesimfRole & responsibilities of boards & directorsimfChileimfStock exchangesFinance: GeneralInvestments: StocksCorporate GovernanceInternational Financial MarketsPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsPortfolio ChoiceInvestment DecisionsGeneral Financial Markets: General (includes Measurement and Data)Corporate Finance and Governance: Government Policy and RegulationFinanceInvestment & securitiesCorporate governancerole & responsibilities of boards & directorsLiquidityStock marketsStocksLiquidity indicatorsAsset and liability managementFinancial marketsFinancial institutionsEconomic sectorsLiquidity managementEconomicsStock exchangesRole & responsibilities of boards & directors332.642Brandão-Marques Luis1451216DcWaIMFBOOK9910155014103321Stock Market Liquidity in Chile3651252UNINA