02367cas a2200241 a 4500 AALejournalIMF007843 230101c9999 xx r poo 0 0eng d 50.00 USD 9781451941784 0258-7440 BD-DhAAL BD-DhAAL International Monetary Fund. World Economic and Financial Surveys : International Capital Markets, 1989. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (147 pages) World Economic and Financial Surveys <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses recent trends in international capital markets. It reviews, in particular, the forces currently reshaping the markets of industrial countries and confronting financial institutions with major challenges. For the international capital markets, 1988 was generally a year of recovery. The international securities markets, depressed during the second and third quarters of 1987 and badly shaken by the October market break, rebounded in 1988. Intensifying competition and changing regulatory requirements characterize contemporary financial markets. Competition has been fostered by the internationalization of institutions, the liberalization of domestic markets, technological advances in data processing and telecommunications, and financial product innovations that more extensively link traditional banking and securities markets. A fundamental task of financial intermediaries is to appraise and assume risk and to charge for it appropriately. As a result of regulatory change, the growth of derivative product markets, and technological innovation, competitive pressure appears to be increasing the general level of risk assumed by intermediaries, while only partially providing the tools needed to manage that risk. Mode of access: Internet World Economic and Financial Surveys; World Economic and Financial Surveys ; No. 1988/004 Full text available on IMF http://elibrary.imf.org/view/books/083/14335-9781451941784-en/14335-9781451941784-en-book.xml IMF e-Library