03203oam 22007215 450 991077789910332120200520144314.01-280-64354-497866106435470-8213-6544-410.1596/978-0-8213-6543-4(CKB)1000000000467658(EBL)459417(OCoLC)77003884(SSID)ssj0000086537(PQKBManifestationID)11126523(PQKBTitleCode)TC0000086537(PQKBWorkID)10029666(PQKB)11604441(MiAaPQ)EBC459417(Au-PeEL)EBL459417(CaPaEBR)ebr10146802(CaONFJC)MIL64354(OCoLC)935270825(The World Bank)71173797(The World Bank)ocm71173797(US-djbf)14514240(EXLCZ)99100000000046765820060823d2007 uf 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierEmerging capital markets and globalization : the Latin American experience /Augusto de la Torre and Sergio L. SchmuklerPalo Alto, Calif. :Stanford University Press ;Washington, DC :World Bank,[2007]copyright 2007.xviii, 209 pages illustrations ;23 cmLatin American development forum"A copublication of Stanford Economics and Finance, an imprint of Stanford University Press, and the World Bank."0-8213-6543-6 Includes bibliographical references and index.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; IndexBack 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 enviWorld Bank e-Library.Capital marketLatin AmericaGlobalizationEconomic aspectsCapital marketGlobalizationEconomic aspects.332/.0415098Torre Augusto de la126302Schmukler Sergio L1487622World Bank.DLCDLCBAKERC#PYDXCPDLCBOOK9910777899103321Emerging capital markets and globalization3812581UNINA