Cover Emerging Local Securities and Derivatives Markets
Emerging Local Securities and Derivatives Markets
Recent Developments and Policy Issues
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Abstract

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.

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Author:
Mr. Ramana Ramaswamy
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Mr. Jorge Roldos
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Mr. Donald J Mathieson
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Ms. Anna Ilyina
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Series:
World Economic and Financial Surveys
Publisher:
International Monetary Fund
Language:
English
Publication Date:
20 Apr 2004
DOI:
https://doi.org/10.5089/9781589062917.083
ISBN:
9781589062917
ISSN:
0258-7440
Pages:
101
Keywords:
WEFS; market; bond market; derivative instrument; investor; market participant; emerging market equities; fixed income; U.S. dollar; price-earnings ratio; B share; global bond; Emerging and frontier financial markets; Stock markets; Securities markets; Derivative markets; Bonds; Global; Asia and Pacific; Africa; Europe; Eastern Europe
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