01557cas a2200241 a 4500 AALejournalIMF022709 230101c9999 xx r poo 0 0eng d 20.00 USD 9781475554656 1018-5941 BD-DhAAL BD-DhAAL Brandao Marques, Luis. Stock Market Liquidity in Chile / Luis Brandao Marques. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (29 pages) IMF Working Papers <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 Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 3 1/2 percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/223 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2016&issue=223 IMF e-Library