Over the past decades, many countries have implemented significant reforms to foster capital market development. Latin American countries were at the forefront of this process. The authors analyze where Latin American capital markets stand after these reforms. They find that despite the intense reform effort, capital markets in Latin America remain underdeveloped relative to markets in other regions. Furthermore, stock markets are below what can be...
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INFORMATION
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2007/03/01
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Document de travail de recherche sur les politiques
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WPS4156
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1
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1
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2010/07/01
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Disclosed
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Capital market development : whither Latin America ?
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capital market reform