Emerging Capital Markets and Globalization: The Latin American Experience

by Augusto de la Torre, Sergio L. Schmukler, Sergio Schmukler

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0804757194
• ISBN13: 9780804757195
• Release Date: October 1960
• Publisher: Stanford Economics and Finance
• Length: 224 Pages
• Weight: 0.71 lbs.
• Dimensions: 0.5" x 6.5" x 9.0"