Emerging Local Securities and Derivatives Markets : Recent Developments and Policy Issues /

In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to 'selfinsure' against volatile capital flows. One such measure has been the development of local securities and derivatives markets as an alternative...

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Detalles Bibliográficos
Autor Principal: Ramaswamy, Ramana
Outros autores: Ilyina, Anna, Mathieson, Donald, Roldos, Jorge
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Series:World Economic and Financial Surveys; World Economic and Financial Surveys ; No. 2004/018
Acceso en liña:Full text available on IMF
Descripción
Summary:In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to 'selfinsure' against volatile capital flows. One such measure has been the development of local securities and derivatives markets as an alternative source of funding the public and corporate sectors. This paper examines this self-insurance policy, focusing on the extent to which emerging markets have developed local securities and derivatives, and what key policy issues have arisen as a result.
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Descrición Física:1 online resource (101 pages)
Formato:Mode of access: Internet
ISSN:0258-7440
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students