Emerging Local Securities and Derivatives Markets: Recent Developments and Policy Issues

Author: Mr. Ramana Ramaswamy, Mr. Jorge Roldos, Mr. Donald J Mathieson, and Ms. Anna Ilyina

Volume/Issue: Volume 2004 Issue 018

Publication date: April 2004

ISBN: 9781589062917

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Money and Monetary Policy , WEFS , market , bond market , derivative instrument , investor , market participant , emerging market equities , fixed income , U , S , dollar , price-earnings ratio , B share , global bond , Emerging and frontier financial markets , Stock markets , Securities markets , Derivative markets , Bonds , Global , Asia and Pacific , Africa , Europe , Eastern Europe

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Global Monitoring Report, 2009

Global Monitoring Report 2014/2015

Global Monitoring Report 2013

Summary

In response to the volatility of capital flows since the mid-1990s, many emerging market economies have taken a variety of steps designed to “selfinsure” 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.