Series: IMF Working Papers
Author(s): Luc Laeven
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 December 2014
Keywords: financial markets, markets, market, market development, capital market, Globalization: Finance, General, financial markets.,
Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries ha...