Emerging Local Securities and Derivatives Markets Recent Developments and Policy Issues |
|
Author:
| Ramaswamy, Ramana Roldos, Jorge Mathieson, Donald J. |
Series title: | World Economic and Financial Surveys Ser. |
ISBN: | 978-1-4552-6880-1 |
Publication Date: | Apr 2004 |
Publisher: | International Monetary Fund
|
Book Format: | Ebook |
List Price: | Contact Supplier contact
|
Book Description:
|
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...
More DescriptionIn 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.