LEADER 04414oam 22011774 450 001 9910155014103321 005 20250426110507.0 010 $a9781475554694 010 $a1475554699 010 $a9781475554779 010 $a147555477X 035 $a(CKB)3710000000973024 035 $a(MiAaPQ)EBC4867558 035 $a(Au-PeEL)EBL4867558 035 $a(CaPaEBR)ebr11391082 035 $a(CaONFJC)MIL974473 035 $a(OCoLC)965719283 035 $a(IMF)WPIEA2016223 035 $aWPIEA2016223 035 $a(EXLCZ)993710000000973024 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aStock Market Liquidity in Chile /$fLuis Brandão-Marques 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (29 pages) $cillustrations (some color), tables 225 1 $aIMF Working Papers 311 08$a9781475554656 311 08$a1475554656 320 $aIncludes bibliographical references. 330 3 $aChile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 3½ percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/223 606 $aStock exchanges$zChile 606 $aFinance: General$2imf 606 $aInvestments: Stocks$2imf 606 $aCorporate Governance$2imf 606 $aInternational Financial Markets$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aPortfolio Choice$2imf 606 $aInvestment Decisions$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aCorporate Finance and Governance: Government Policy and Regulation$2imf 606 $aFinance$2imf 606 $aInvestment & securities$2imf 606 $aCorporate governance$2imf 606 $arole & responsibilities of boards & directors$2imf 606 $aLiquidity$2imf 606 $aStock markets$2imf 606 $aStocks$2imf 606 $aLiquidity indicators$2imf 606 $aAsset and liability management$2imf 606 $aFinancial markets$2imf 606 $aFinancial institutions$2imf 606 $aEconomic sectors$2imf 606 $aLiquidity management$2imf 606 $aEconomics$2imf 606 $aStock exchanges$2imf 606 $aRole & responsibilities of boards & directors$2imf 607 $aChile$2imf 615 0$aStock exchanges 615 7$aFinance: General 615 7$aInvestments: Stocks 615 7$aCorporate Governance 615 7$aInternational Financial Markets 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aPortfolio Choice 615 7$aInvestment Decisions 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aCorporate Finance and Governance: Government Policy and Regulation 615 7$aFinance 615 7$aInvestment & securities 615 7$aCorporate governance 615 7$arole & responsibilities of boards & directors 615 7$aLiquidity 615 7$aStock markets 615 7$aStocks 615 7$aLiquidity indicators 615 7$aAsset and liability management 615 7$aFinancial markets 615 7$aFinancial institutions 615 7$aEconomic sectors 615 7$aLiquidity management 615 7$aEconomics 615 7$aStock exchanges 615 7$aRole & responsibilities of boards & directors 676 $a332.642 700 $aBrandão-Marques$b Luis$01451216 801 0$bDcWaIMF 906 $aBOOK 912 $a9910155014103321 996 $aStock Market Liquidity in Chile$93651252 997 $aUNINA