Domestic capital markets that are deep, efficient, and well-regulated can create access to long-term, local-currency finance. Interviews with market participants reveal four important findings. First, there are two distinct phases of capital market development, an embryonic phase in which the government is predominant and a mature phase in which the capital market starts to serve the private sector. Each phase has distinct preconditions and drivers...
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INFORMATION
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2020/01/01
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Fiche
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147671
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1
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1
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2020/04/16
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Disclosed
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Creating Domestic Capital Markets in Developing Countries : Perspectives from Market Participants
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foreign investor
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