Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic
Electronic Access:
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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. 2007/288
Subject:
Capital markets Financial institutions Financial markets Mutual funds Securities Securities markets Stock markets
English
Publication Date:
December 1, 2007
ISBN/ISSN:
9781451868517/1018-5941
Stock No:
WPIEA2007288
Pages:
130
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