Emerging Local Securities and Derivatives Markets Recent Developments and Policy Issues

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...

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Bibliographic Details
Main Author: Ramaswamy, Ramana
Other Authors: Ilyina, Anna, Mathieson, Donald, Roldos, Jorge
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:World Economic and Financial Surveys
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:101 pages
ISBN:9781589062917