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Emerging financial markets in the global economy / editors, Larry Sawers, Daniel Schydlowsky, David Nickerson.
- Format:
- Book
- Language:
- English
- Subjects (All):
- Capital market--Developing countries.
- Capital market.
- Investments, Foreign--Developing countries.
- Investments, Foreign.
- Physical Description:
- 1 online resource (287 p.)
- Place of Publication:
- Singapore ; River Edge, N.J. : World Scientific, c2000.
- Language Note:
- English
- Summary:
- The rapid emergence of active financial markets in a number of developing and transition countries during the 1990s is a momentous phenomenon. Until recently, most developing countries severely manipulated and repressed their financial markets. The dramatic increase in the influence of neo-liberal thinking and laissez-faire governance in developing countries has recently led to serious capital market reform in scores of countries. Most countries without financial market reform are anxiously studying their successful neighbors in order to adopt policies, programs, and regulations that have a pr
- Contents:
- ABOUT THE CONTRIBUTORS; CONTENTS; Part One Introduction; FINANCIAL MARKETS AND ECONOMIC DEVELOPMENT; Thinking about Finance and Development; The Plan of the Book; References; Part Two Capital Markets in Developing Countries; PENSION REFORM IN CHILE; Introduction; Main Characteristics of the Chilean Reforms; Assessment of the Main Results of Chilean Experience; Conclusions; References; THE EMERGING PERUVIAN CAPITAL MARKET; Economic Panorama; The Lima Stock Exchange; Investment Promotion; Compensation and Settlement; Securities Depository and Settlement House; Electronic Trading System
- Primary Placement of Fixed-Income SecuritiesThe Lima Stock Exchange Numbering Agency; National and International Dissemination; Prospects; Part Three Innovations in Microfinance; MICROFINANCE: AN EMERGING MARKET WITHIN THE EMERGING MARKETS; An Emerging Market?; What is Microfinance?; The Economic Potential and Limitations of the Microenterprise Sector; Are Microentrepreneurs Poor?; Between Poverty and Profits: Competing Paradigms of Microfinance; The Changing Environment: Financial Sector Reform in Latin America; Commercialization of Microfinance: Fact or Fantasy?
- New Microfinance Models in Latin AmericaInnovative Models for Linking Microfinance to Financial Markets; Developing Sources of Funding for MFIs; Microfinance from the Market Perspective; Microfinance from the Development Perspective: How Low Can the Market Go?; References; LINKAGES BETWEEN RURAL FINANCIAL MARKETS, POVERTY ALLEVIATION AND CONSERVATION OF SOILS AND FORESTS: THE CASE OF MADAGASCAR; Introduction; The Critical Triangle of Rural Development: The Case of Madagascar; Changes in Rural Development: A Descriptive Analysis; Data Source and Sampling Frame
- Major Trends Characterizing the Critical Triangle of Rural DevelopmentTrends in Access to Financial Markets and Other Determinants of Rural Development; A Causal Diagram of the Critical Triangle; Econometric Model and its Results; The Model; Interpretation of Results; Determinants of Community Access to Member-based Financial Institutions; Determinants of Lowland Rice Yields; Determinants of Migration; Determinants of Rural Wages; Determinants of Expansion of Upland; Determinants of Soil Fertility of Upland; Implications for Policy; References
- BRIDGING THE GAP BETWEEN REGULATED FINANCIAL INSTITUTIONS AND LOW-INCOME BORROWERSExecutive Summary; The Trend Toward Increased Small Business Microlending; Why All the Interest in Small Business Lending in the Banking World?; Barriers to Making Smaller Loans; How Banks Overcome Barriers to Making Smaller Loans; Impact on Low-Income Business Owners; Summary; Lenders for Community Development; Background; Market Research; Loan Policy and Underwriting Standards; Purpose of Loan; Type of Loan; Loan Amount; Geographic Area; Term; Borrower Eligibility; Discretionary Fund; Pricing
- Technical Assistance
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and index.
- ISBN:
- 9789812813534
- 9812813535
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