LEADER 03203oam 22007215 450 001 9910777899103321 005 20200520144314.0 010 $a1-280-64354-4 010 $a9786610643547 010 $a0-8213-6544-4 024 7 $a10.1596/978-0-8213-6543-4 035 $a(CKB)1000000000467658 035 $a(EBL)459417 035 $a(OCoLC)77003884 035 $a(SSID)ssj0000086537 035 $a(PQKBManifestationID)11126523 035 $a(PQKBTitleCode)TC0000086537 035 $a(PQKBWorkID)10029666 035 $a(PQKB)11604441 035 $a(MiAaPQ)EBC459417 035 $a(Au-PeEL)EBL459417 035 $a(CaPaEBR)ebr10146802 035 $a(CaONFJC)MIL64354 035 $a(OCoLC)935270825 035 $a(The World Bank)71173797 035 $a(The World Bank)ocm71173797 035 $a(US-djbf)14514240 035 $a(EXLCZ)991000000000467658 100 $a20060823d2007 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aEmerging capital markets and globalization : $ethe Latin American experience /$fAugusto de la Torre and Sergio L. Schmukler 210 1$aPalo Alto, Calif. :$cStanford University Press ;$aWashington, DC :$cWorld Bank,$d[2007] 210 4$dcopyright 2007. 215 $axviii, 209 pages $cillustrations ;$d23 cm 225 0 $aLatin American development forum 300 $a"A copublication of Stanford Economics and Finance, an imprint of Stanford University Press, and the World Bank." 311 $a0-8213-6543-6 320 $aIncludes bibliographical references and index. 327 $aContents; 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 330 $aBack in the early 1990's, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic envi 410 0$aWorld Bank e-Library. 606 $aCapital market$zLatin America 606 $aGlobalization$xEconomic aspects 615 0$aCapital market 615 0$aGlobalization$xEconomic aspects. 676 $a332/.0415098 700 $aTorre$b Augusto de la$0126302 701 $aSchmukler$b Sergio L$01487622 712 02$aWorld Bank. 801 0$bDLC 801 1$bDLC 801 2$bBAKER 801 2$bC#P 801 2$bYDXCP 801 2$bDLC 906 $aBOOK 912 $a9910777899103321 996 $aEmerging capital markets and globalization$93812581 997 $aUNINA