{"product_id":"emerging-capital-markets-and-globalization-augusto-de-la-torre-9780804757195","title":"Emerging Capital Markets and Globalization: The Latin American Experience","description":"\u003cp\u003eBack in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk.\u003c\/p\u003e \u003cp\u003eCapital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEmerging Capital Markets and Globalization\u003c\/i\u003e analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Augusto De La Torre,Sergio Schmukler\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0804757194\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780804757195\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Stanford Economics and Finance\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/27\/1960\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.71lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.45w x 0.51d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 02\/01\/2007 pg. 143","brand":"Augusto De La Torre","offers":[{"title":"Paperback","offer_id":47425071251711,"sku":"9780804757195","price":45.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_ee8bc063-73fa-4592-8a60-4ecc764886dc.jpg?v=1761536812","url":"https:\/\/www.whiterainbookhouse.com\/products\/emerging-capital-markets-and-globalization-augusto-de-la-torre-9780804757195","provider":"WR Book House","version":"1.0","type":"link"}