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Mercados de capitales emergentes y globalizacion : la experiencia de America Latina
 
Author:de la Torre, Augusto; Schmukler, Sergio L.; Collection Title:Latin American development forum
Country:Latin America; Date Stored:2009/02/12
Document Date:2008/01/01Document Type:Publication
SubTopics:Markets and Market Access; Economic Theory & Research; Banks & Banking Reform; Financial Economics; Financial IntermediationISBN:978-958-8307-20-6
Language:SpanishMajor Sector:Finance
Rel. Proj ID:6L-Financial Development In Latin America -- -- P099408;Region:Latin America & Caribbean
Report Number:37892Sub Sectors:General finance sector
Volume No:1 of 1  

Summary: Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. Emerging Capital Markets and Globalization analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda. The book is part of the broader regional study "Whither Latin American Capital Markets?"

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