Capital Mobilization and Regional Financial Markets
Title | Capital Mobilization and Regional Financial Markets PDF eBook |
Author | Kerry Odell |
Publisher | Routledge |
Pages | 285 |
Release | 2017-11-30 |
Genre | Business & Economics |
ISBN | 1351343149 |
Originally published in 1992, Capital Mobilization and Regional Financial Markets, argues that barriers to financial flows within regions may be as important in affecting capital flows as interregional barriers. The book conjectures that regional markets allow efficient mobilization of local funds and develops an analytical framework to motivate an investigation of region financial development in the Pacific Coast states between 1850 and 1920.
Capital Mobilization and Regional Financial Markets
Title | Capital Mobilization and Regional Financial Markets PDF eBook |
Author | Kerry A. Odell |
Publisher | Routledge |
Pages | 222 |
Release | 1992 |
Genre | Business & Economics |
ISBN | 9780815309598 |
Capital Mobilization and Regional Financial Markets
Title | Capital Mobilization and Regional Financial Markets PDF eBook |
Author | Kerry Ann Odell |
Publisher | |
Pages | 544 |
Release | 1987 |
Genre | |
ISBN |
Emerging Capital Markets and Globalization
Title | Emerging Capital Markets and Globalization PDF eBook |
Author | Augusto de la Torre |
Publisher | World Bank Publications |
Pages | 232 |
Release | 2006-10-20 |
Genre | Business & Economics |
ISBN | 0821365444 |
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Mobilization Effects of Multilateral Development Banks
Title | Mobilization Effects of Multilateral Development Banks PDF eBook |
Author | Chiara Broccolini |
Publisher | International Monetary Fund |
Pages | 51 |
Release | 2019-02-15 |
Genre | Business & Economics |
ISBN | 1498301061 |
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.
Emerging Capital Markets and Globalization
Title | Emerging Capital Markets and Globalization PDF eBook |
Author | Augusto de la Torre |
Publisher | Stanford Economics and Finance |
Pages | 232 |
Release | 2007 |
Genre | Business & Economics |
ISBN |
Emerging Capital Markets and Globalization analyzes where we stand and where we are heading on capital market development, the state and evolution of Latin American capital markets and related reforms, measuring the impact of reforms, and discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda
Implementing the Summit of the Americas: Developing and liberalizing capital markets
Title | Implementing the Summit of the Americas: Developing and liberalizing capital markets PDF eBook |
Author | |
Publisher | University of Miami Iberian Studies Institute |
Pages | 20 |
Release | 1996 |
Genre | America |
ISBN |