Emerging local securities and derivatives markets : selected topic
著者
書誌事項
Emerging local securities and derivatives markets : selected topic
(World economic and financial surveys)
International Monetary Fund, 2004
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注記
"Expanded and updated from the IMF's Global financial stability report" -- Cover
Bibliography: p. 91-94
内容説明・目次
内容説明
In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to "self-insure" 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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