I Introduction
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
16 Dec 2008
Keywords:
OP; market; economy; trading; market development; company; smaller economy; government securities market; country trading; market participant; Stock markets; Currency markets; Emerging and frontier financial markets; Interbank markets; Baltics; Central America; Africa; Southern Africa; West Africa; emerging market country; market player; market underdevelopment; Government securities; Caribbean

Abstract

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This study marks a first step toward formulating policies to develop essential smaller economy financial markets by documenting the stylized facts and presenting a framework for assessing the policy issues.

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Cover Developing Essential Financial Markets in Smaller Economies
Developing Essential Financial Markets in Smaller Economies
Stylized Facts and Policy Options
ISBN:
9781589067752
ISSN:
0251-6365
Publication Date:
16 Dec 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589067752.084
Pages:
86

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