The Development of Local Capital Markets: Rationale and Challenges

The Development of Local Capital Markets: Rationale and Challenges

4.11 - 1251 ratings - Source

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop local capital markets have had mixed success. This paper reviews the literature on the benefits and costs of developing local capital markets, and describes the challenges faced in the development of such markets. The paper concludes with a set of policy recommendations emerging from this literature.Mr. Luc Laeven. Figure 2. Local market development and institutional setting, 2013 Stock market development and private ... 100 200 300 400 500 0 0.2 0.4 0.6 0.8 1 S t o c k m a r k e t c a p i t a l i z a t i o n ( % o f G D P ) Private enforcement (0-1) 0 100 200 0 1 2 3 4 ... The variable is constructed as at January 2003 and described in more detail in Djankov, LaPorta, Lopez-de- Silanes, and Shleifer (2003).

Title:The Development of Local Capital Markets: Rationale and Challenges
Author: Mr. Luc Laeven
Publisher:International Monetary Fund - 2014-12-19

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA