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Regulatory Lessons from the Crisis of Costa Rica’s Mutual Fund Industry / / Ana Carvajal



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Autore: Carvajal Ana Visualizza persona
Titolo: Regulatory Lessons from the Crisis of Costa Rica’s Mutual Fund Industry / / Ana Carvajal Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (28 p.)
Soggetto topico: Economic forecasting - Costa Rica
Mutual funds - Costa Rica
Banks and Banking
Finance: General
Industries: Financial Services
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
General Financial Markets: General (includes Measurement and Data)
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Finance
Banking
Mutual funds
Securities markets
Nonbank financial institutions
Money markets
Capital market
Financial services industry
Money market
Banks and banking
Soggetto geografico: Costa Rica
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. THE MUTUAL FUND INDUSTRY""; ""III. THE CRISIS""; ""IV. LESSONS FROM A REGULATORY PERSPECTIVE""; ""APPENDIX I. THE STRUCTURE OF FINANCIAL REGULATION IN COSTA RICA""; ""APPENDIX II THE PRICING VECTOR DEVELOPED BY THE BOLSA NACIONAL DE VALORES""
Sommario/riassunto: In 2004, the mutual fund industry of Costa Rica experienced a massive run by investors that reduced the industry to half its size in a month. This paper explores how weaknesses in the regulatory framework played a role in the crisis and draws lessons for developing countries. The analysis of events demonstrates the need for developing countries to design a multi-pillar framework for securities regulation as well as to strengthen financial literacy and capacity building. At the micro level it shows the importance of market conduct rules and the challenges that the implementation of mark-to-market poses for developing markets.
Titolo autorizzato: Regulatory Lessons from the Crisis of Costa Rica’s Mutual Fund Industry  Visualizza cluster
ISBN: 1-4623-4575-1
1-4527-5215-X
1-283-51802-3
1-4519-1001-0
9786613830470
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788694303321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2006/288