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|c 5.00 USD
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|z 9781451873030
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Chami, Ralph.
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|a A Framework for Financial Market Development /
|c Ralph Chami, Sunil Sharma, Connel Fullenkamp.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (58 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and regulators-whose actions determine whether and how markets develop. While different financial instruments embody different concessions by borrowers and lenders, the framework emphasizes the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework is used to analyze the sequencing of financial market development.
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|a Mode of access: Internet
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|a Fullenkamp, Connel.
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|a Sharma, Sunil.
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|a IMF Working Papers; Working Paper ;
|v No. 2009/156
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/156/001.2009.issue-156-en.xml
|z IMF e-Library
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