Developing essential financial markets in smaller economies
Subtitle: stylized facts and policy options
By: Hervé Ferhani ... [et al.].
Contributors: International Monetary Fund
Series: Occasional paper -- 265; Occasional paper (International Monetary Fund) -- no. 265.
Publisher: International Monetary Fund
Published: 2009
Place of publication: Washington, DC
Language: eng
Number of pages: 75
ISBN-13: 9781589067752
Subjects: Economic policy; Money market; Finance
Description: This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This study marks a first step toward formulating policies to develop essential smaller economy financial markets by documenting the stylized facts and presenting a framework for assessing the policy issues.--Publisher's description.
Notes: Includes bibliographical references (p. 70-73).
Table of contents: title: Introduction; title: Impediments to financial market development in smaller economies; title: Foreign exchange markets; title: Money and secondary government securities markets; title: Secondary equity markets; title: Regional integration; title: Annex I. Stylized facts: Foreign exchange markets; title: Annex II. Stylized facts: Money and secondary government securities; title: Annex III. Stylized facts: Secondary equity markets; title: Annex IV. Case studies: Regional integration.