The Development of Local Capital Markets : Rationale and Challenges /

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop loc...

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Detalhes bibliográficos
Autor principal: Laeven, Luc
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2014.
coleção:IMF Working Papers; Working Paper ; No. 2014/234
Acesso em linha:Full text available on IMF