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220928 ||| eng |
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|a 9781451941975
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245 |
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|a World Economic and Financial Surveys
|b International Capital Markets, 1992
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1992
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300 |
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|a 90 pages
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651 |
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4 |
|a United States
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653 |
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|a Credit
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Securities
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653 |
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|a Industries: Financial Services
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653 |
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|a Banks and banking
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653 |
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|a Mortgages
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653 |
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|a Money
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653 |
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|a Financial markets
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653 |
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|a Bonds
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653 |
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|a Bank credit
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653 |
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|a Banking
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653 |
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|a Mutual funds
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653 |
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|a International bonds
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653 |
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|a Futures
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653 |
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|a Depository Institutions
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653 |
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|a Commercial banks
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653 |
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|a Institutional Investors
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653 |
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|a Pension Funds
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653 |
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|a Stocks
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653 |
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|a Monetary economics
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653 |
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|a Financial institutions
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653 |
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|a Financial Instruments
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653 |
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|a Capital market
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653 |
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|a Micro Finance Institutions
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a Investments: Bonds
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653 |
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|a Derivative securities
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653 |
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|a Non-bank Financial Institutions
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653 |
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|a Financial instruments
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653 |
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|a Stock markets
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653 |
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|a Banks and Banking
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653 |
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|a Investments: Stocks
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653 |
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|a Investment & securities
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653 |
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|a Money and Monetary Policy
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653 |
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|a Finance: General
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653 |
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|a Financial services law & regulation
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653 |
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|a Securities markets
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a World Economic and Financial Surveys
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|a 10.5089/9781451941975.083
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856 |
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|u https://elibrary.imf.org/display/book/9781451941975/9781451941975.xml?cid=27361-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper presents the IMF’s annual survey of developments, prospects, and key policy issues in international capital markets. It focuses on how to manage the restructuring of capital markets in an environment of wide-ranging liberalization, intense competition, and growing securitization—in a way that avoids a systemic crisis as well as moral hazard risks and budgetary costs associated with public sector support of weak financial institutions. A key feature of the new financial environment is the competition-driven disintermediation from banking systems—particularly from wholesale banking—into securitized money and capital markets. The more creditworthy corporate borrowers in major industrial countries are increasingly able to satisfy their liquidity, risk-management, and financing needs directly in liquid securities markets. Securitization is forcing adjustments across the entire spectrum of activities and institutions in financial markets. The loss of traditional balance sheet business has led to cost cutting and to consolidation in the wholesale banking sector and to an expansion in off-balance sheet activities, including backup lines of credit and forward interest rate and foreign exchange contracts
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