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Stock Market Liquidity in Chile

Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority share...

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Bibliographic Details
Main Author: Brandão-Marques, Luis
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Institutional Investors
Stock Exchanges
Stocks
Pension Funds
Finance
Corporate Finance And Governance: Government Policy And Regulation
Financial Institutions
Financial Instruments
General Financial Markets: General (includes Measurement And Data)
Asset And Liability Management
Economic Sectors
Liquidity
Liquidity; Economics
International Financial Markets
Corporate Governance; Role & Responsibilities Of Boards & Directors
Non-bank Financial Institutions
Financial Markets
Stock Markets
Investments: Stocks
Corporate Governance
Liquidity Indicators
Investment & Securities
Liquidity Management
Finance: General
Portfolio Choice
Investment Decisions
Chile
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 3½ percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code
Physical Description:29 pages
ISBN:9781475554656

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