Developing Essential Financial Markets in Smaller Economies : Stylized Facts and Policy Options.

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This...

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Dades bibliogràfiques
Autor corporatiu: International Monetary Fund
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2008.
Col·lecció:Occasional Papers; Occasional Paper ; No. 2008/006
Accés en línia:Full text available on IMF
Descripció
Sumari:This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This study marks a first step toward formulating policies to develop essential smaller economy financial markets by documenting the stylized facts and presenting a framework for assessing the policy issues.
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Descripció física:1 online resource (86 pages)
Format:Mode of access: Internet
ISSN:0251-6365
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students