A framework for financial market development /

The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and reg...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Chami, Ralph (Autor), Fullenkamp, Connel (Autor), Sharma, Sunil (Autor)
Autores Corporativos: International Monetary Fund, IMF Institute
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Colección:IMF working paper ; WP/09/156.
Temas:
Capital market.
Financial instruments.
Debts, Public.
Risk management.
Foreign exchange market.
Risk Management
Marché financier.
Dettes publiques.
Gestion du risque.
Marché des changes.
risk management.
Capital market
Debts, Public
Financial instruments
Foreign exchange market
Risk management
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Framework: Key Players and their Incentives; A. Borrowers; B. Lenders; C. Liquidity Providers; D. Regulators; III. The Framework: Compromises That Define Financial Instruments; A. The Space of Financial Contracts; B. The Maturity-Collateral Compromise; C. The Seniority-Control Compromise; IV. Applying the Framework: Issues in Financial Market Development; A. Nascent Financial Markets; B. The Bond Market; C. Asset-Backed Securities; D. The Equity Market; E. Derivatives; F. The Loan Market and the Role of Banks; V. Concluding Remarks; References

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