02175cas a2200241 a 4500 AALejournalIMF007845 230101c9999 xx r poo 0 0eng d 50.00 USD 9781451941692 0258-7440 BD-DhAAL BD-DhAAL International Monetary Fund. International Capital Markets, 1986. Washington, D.C. : International Monetary Fund, 1986. 1 online resource (164 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 provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows. It focuses particularly on recent trends in liberalization and innovation in international financial markets, including relevant changes in supervision, and on developments in the debt situation, especially the factors that influence flows to developing countries. The pattern of current account imbalances among industrial countries, which have well-developed securities markets, has been a major factor in the shift of international financial flows toward international bond markets and away from the bank credit market. This shift would be even more apparent if foreign purchases in domestic bond markets were also incorporated. The increase in the swap market has been complemented by an expansion of the futures and options markets. These short-term hedging and arbitrage instruments have increased the scope for banks and nonbanks to cover financial risks associated with fluctuations in exchange and interest rates. Mode of access: Internet World Economic and Financial Surveys; World Economic and Financial Surveys ; No. 1986/004 Full text available on IMF http://elibrary.imf.org/view/books/083/14320-9781451941692-en/14320-9781451941692-en-book.xml IMF e-Library