Emerging local securities and derivatives markets
Material type:
- 1589062914
- 332.64
Item type | Current library | Item location | Shelving location | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Books | Vikram Sarabhai Library | Rack 19-B / Slot 722 (0 Floor, West Wing) | General Stacks | 332.64 M2E6 (Browse shelf(Opens below)) | Available | 158968 |
In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to "self-insure" 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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