Developing Essential Financial Markets in Smaller Economies
Stylized Facts and Policy Options
Herve Jacques Ferhani author Mark R Stone author Anna Nordstrom author Seiichi Shimizu author
Format:Paperback
Publisher:International Monetary Fund (IMF)
Published:30th May '09
Currently unavailable, and unfortunately no date known when it will be back
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.
ISBN: 9781589067752
Dimensions: unknown
Weight: unknown
86 pages