Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic

Author/Editor:

Hemant Shah ; Jorge A. Chan-Lau ; Geoffrey J Bannister ; Ana Carvajal ; Ivan S Guerra

Publication Date:

December 1, 2007

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This study focuses on equity, private debt, and asset-backed securities markets in Central America. These markets are generally under-developed throughout the region due to several structural problems, economic and political factors, and weaknesses in regulation and in institutional investor base. The paper identifies key country-specific recommendations to strengthen securities laws, regulatory oversight, market infrastructure, investor base, and new products such as asset-backed securities. Despite these efforts, developing seven viable private capital markets is a difficult goal. The paper thus also explores the benefits and difficulties of creating a single capital market in a region still short of full economic integration.

Series:

Working Paper No. 07/288

Subject:

English

Publication Date:

December 1, 2007

ISBN/ISSN:

9781451868517/1018-5941

Stock No:

WPIEA2007288

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

130

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