Whither Latin American Capital Markets?
In this study, the authors analyze where we stand and where we are heading on capital market development. More specifically, this study has three main goals. First, the authors take stock of the state and evolution of Latin American capital markets...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/612051482748198671/Whither-Latin-American-capital-markets http://hdl.handle.net/10986/25933 |
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okr-10986-259332021-04-23T14:04:32Z Whither Latin American Capital Markets? De La Torre, Augusto Schmukler, Sergio L. capital flows capital markets market capitalization stock exchange economic reform In this study, the authors analyze where we stand and where we are heading on capital market development. More specifically, this study has three main goals. First, the authors take stock of the state and evolution of Latin American capital markets and related reforms, over time and relative to other countries. Second, authors analyze the factors driving the development of capital markets, with particular interest on measuring the impact of reforms. Third, in light of this analysis, authors discuss the prospects for capital market development in Latin America and emerging economies in general, and the implications for the reform agenda going forward. To understand the state and future of capital markets in developing countries, the report consists of three additional chapters. Chapter two documents the main developments in international financial markets and the increasing globalization process. The chapter also describes the influence of these worldwide trends on Latin America, with particular attention to the effects on the policies and reforms adopted. Chapter three evaluates the factors behind the development (or lack of development) of capital markets. The chapter first studies how different macroeconomic and institutional variables affect the development of domestic stock and bond markets and their internationalization. The second part of chapter three analyzes the effects of reforms on capital markets. The chapter finishes by examining whether the experience of Latin America is similar to that of other regions. Finally, chapter four discusses the future of capital markets in developing countries, the policy implications, and the lessons for the reform agenda. 2017-01-25T20:32:42Z 2017-01-25T20:32:42Z 2004-10 Book http://documents.worldbank.org/curated/en/612051482748198671/Whither-Latin-American-capital-markets http://hdl.handle.net/10986/25933 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
capital flows capital markets market capitalization stock exchange economic reform |
| spellingShingle |
capital flows capital markets market capitalization stock exchange economic reform De La Torre, Augusto Schmukler, Sergio L. Whither Latin American Capital Markets? |
| geographic_facet |
Latin America & Caribbean |
| description |
In this study, the authors analyze where
we stand and where we are heading on capital market
development. More specifically, this study has three main
goals. First, the authors take stock of the state and
evolution of Latin American capital markets and related
reforms, over time and relative to other countries. Second,
authors analyze the factors driving the development of
capital markets, with particular interest on measuring the
impact of reforms. Third, in light of this analysis, authors
discuss the prospects for capital market development in
Latin America and emerging economies in general, and the
implications for the reform agenda going forward. To
understand the state and future of capital markets in
developing countries, the report consists of three
additional chapters. Chapter two documents the main
developments in international financial markets and the
increasing globalization process. The chapter also describes
the influence of these worldwide trends on Latin America,
with particular attention to the effects on the policies and
reforms adopted. Chapter three evaluates the factors behind
the development (or lack of development) of capital markets.
The chapter first studies how different macroeconomic and
institutional variables affect the development of domestic
stock and bond markets and their internationalization. The
second part of chapter three analyzes the effects of reforms
on capital markets. The chapter finishes by examining
whether the experience of Latin America is similar to that
of other regions. Finally, chapter four discusses the future
of capital markets in developing countries, the policy
implications, and the lessons for the reform agenda. |
| format |
Book |
| author |
De La Torre, Augusto Schmukler, Sergio L. |
| author_facet |
De La Torre, Augusto Schmukler, Sergio L. |
| author_sort |
De La Torre, Augusto |
| title |
Whither Latin American Capital Markets? |
| title_short |
Whither Latin American Capital Markets? |
| title_full |
Whither Latin American Capital Markets? |
| title_fullStr |
Whither Latin American Capital Markets? |
| title_full_unstemmed |
Whither Latin American Capital Markets? |
| title_sort |
whither latin american capital markets? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/612051482748198671/Whither-Latin-American-capital-markets http://hdl.handle.net/10986/25933 |
| _version_ |
1764460414058364928 |