A Framework for Financial Market Development /

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 reg...

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Bibliographic Details
Main Author: Chami, Ralph
Other Authors: Fullenkamp, Connel, Sharma, Sunil
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/156
Online Access:Full text available on IMF