Capital Markets Development : A Primer for Policymakers
The COVID-19 pandemic adds further challenges to the development of capital markets. For many emerging markets and developing economies challenges have intensified because of (i) the deterioration in the macroeconomic environment, including the con...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/228291627375113518/Capital-Markets-Development-A-Primer-for-Policymakers http://hdl.handle.net/10986/36058 |
| id |
okr-10986-36058 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-360582021-08-06T05:10:49Z Capital Markets Development : A Primer for Policymakers World Bank Group CAPITAL MARKETS EMERGING MARKET ECONOMIES GOVERNMENT ROLE PRIVATE SECTOR INVESTMENT DEVELOPING ECONOMIES MARKET SIZE REGIONAL INTEGRATION FOREIGN INVESTMENT The COVID-19 pandemic adds further challenges to the development of capital markets. For many emerging markets and developing economies challenges have intensified because of (i) the deterioration in the macroeconomic environment, including the contraction of the economies, and larger fiscal deficits, (ii) reduced investor appetite due to uncertainty, and (iii) the nature and scale of the interventions used by governments to support the economy which, while necessary, might have limited the viability of different capital markets solutions, at least in the short to medium term. That said, this does not alter the fundamental premise that it is important to develop alternative finance mechanisms for key strategic sectors. Rather, if anything, the need for capital markets solutions is more critical than ever given the much more limited space that governments, and potentially also banks, will have going forward to support new financing. This Primer will be followed by a series of practitioner papers. As part of its knowledge management agenda, the WBG is working towards deepening the understanding of the use of capital markets to finance strategic sectors, from corporate to infrastructure, housing, SME, and climate change financing. Along these lines, reports will be prepared, as appropriate, to help practitioners identify the key challenges that could prevent the mobilization of capital markets financing to these strategic sectors as well as key actions to address them. 2021-08-05T13:57:45Z 2021-08-05T13:57:45Z 2020 Report http://documents.worldbank.org/curated/en/228291627375113518/Capital-Markets-Development-A-Primer-for-Policymakers http://hdl.handle.net/10986/36058 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CAPITAL MARKETS EMERGING MARKET ECONOMIES GOVERNMENT ROLE PRIVATE SECTOR INVESTMENT DEVELOPING ECONOMIES MARKET SIZE REGIONAL INTEGRATION FOREIGN INVESTMENT |
| spellingShingle |
CAPITAL MARKETS EMERGING MARKET ECONOMIES GOVERNMENT ROLE PRIVATE SECTOR INVESTMENT DEVELOPING ECONOMIES MARKET SIZE REGIONAL INTEGRATION FOREIGN INVESTMENT World Bank Group Capital Markets Development : A Primer for Policymakers |
| description |
The COVID-19 pandemic adds further
challenges to the development of capital markets. For many
emerging markets and developing economies challenges have
intensified because of (i) the deterioration in the
macroeconomic environment, including the contraction of the
economies, and larger fiscal deficits, (ii) reduced investor
appetite due to uncertainty, and (iii) the nature and scale
of the interventions used by governments to support the
economy which, while necessary, might have limited the
viability of different capital markets solutions, at least
in the short to medium term. That said, this does not alter
the fundamental premise that it is important to develop
alternative finance mechanisms for key strategic sectors.
Rather, if anything, the need for capital markets solutions
is more critical than ever given the much more limited space
that governments, and potentially also banks, will have
going forward to support new financing. This Primer will be
followed by a series of practitioner papers. As part of its
knowledge management agenda, the WBG is working towards
deepening the understanding of the use of capital markets to
finance strategic sectors, from corporate to infrastructure,
housing, SME, and climate change financing. Along these
lines, reports will be prepared, as appropriate, to help
practitioners identify the key challenges that could prevent
the mobilization of capital markets financing to these
strategic sectors as well as key actions to address them. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Capital Markets Development : A Primer for Policymakers |
| title_short |
Capital Markets Development : A Primer for Policymakers |
| title_full |
Capital Markets Development : A Primer for Policymakers |
| title_fullStr |
Capital Markets Development : A Primer for Policymakers |
| title_full_unstemmed |
Capital Markets Development : A Primer for Policymakers |
| title_sort |
capital markets development : a primer for policymakers |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/228291627375113518/Capital-Markets-Development-A-Primer-for-Policymakers http://hdl.handle.net/10986/36058 |
| _version_ |
1764484340585070592 |