Emerging Local Securities and Derivatives Markets : Recent Developments and Policy Issues

Author/Editor:

Ramana Ramaswamy ; Jorge Roldos ; Donald J Mathieson ; Anna Ilyina

Publication Date:

April 20, 2004

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to “selfinsure” 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.

Series:

World Economic and Financial Surveys

English

Publication Date:

April 20, 2004

ISBN/ISSN:

9781589062917/0258-7440

Stock No:

WEOEA0202004

Format:

Paper

Pages:

101

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