Stock Market Development Under Globalization: Whither The Gains From Reforms ?
Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, th...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets |
| Beschreibung: | 1 Online-Ressource (38 Seiten)) |
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| 520 | 3 | |a Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets | |
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| 650 | 4 | |a Domestic Markets | |
| 650 | 4 | |a Emerging Markets | |
| 650 | 4 | |a Equity | |
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| 650 | 4 | |a Macroeconomics and Economic Growth | |
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| 650 | 4 | |a Private Sector Development | |
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| spelling | Schmukler, Sergio L. Verfasser aut Stock Market Development Under Globalization Whither The Gains From Reforms ? Schmukler, Sergio L Washington, D.C The World Bank 2007 1 Online-Ressource (38 Seiten)) txt rdacontent c rdamedia cr rdacarrier Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets Online-Ausg Bank Policy Capital Market Development Capital Market Reforms Capital Markets Capital Raising Debt Markets Domestic Capital Domestic Capital Market Domestic Market Domestic Markets Emerging Markets Equity Finance and Financial Sector Development Macroeconomics and Economic Growth Markets and Market Access Private Sector Development de la Torre, Augusto Sonstige oth Gozzi, Juan Carlos Sonstige oth Schmukler, Sergio L. Sonstige oth Schmukler, Sergio L Stock Market Development Under Globalization http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4184 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Schmukler, Sergio L. Stock Market Development Under Globalization Whither The Gains From Reforms ? Bank Policy Capital Market Development Capital Market Reforms Capital Markets Capital Raising Debt Markets Domestic Capital Domestic Capital Market Domestic Market Domestic Markets Emerging Markets Equity Finance and Financial Sector Development Macroeconomics and Economic Growth Markets and Market Access Private Sector Development |
| title | Stock Market Development Under Globalization Whither The Gains From Reforms ? |
| title_auth | Stock Market Development Under Globalization Whither The Gains From Reforms ? |
| title_exact_search | Stock Market Development Under Globalization Whither The Gains From Reforms ? |
| title_exact_search_txtP | Stock Market Development Under Globalization Whither The Gains From Reforms ? |
| title_full | Stock Market Development Under Globalization Whither The Gains From Reforms ? Schmukler, Sergio L |
| title_fullStr | Stock Market Development Under Globalization Whither The Gains From Reforms ? Schmukler, Sergio L |
| title_full_unstemmed | Stock Market Development Under Globalization Whither The Gains From Reforms ? Schmukler, Sergio L |
| title_short | Stock Market Development Under Globalization |
| title_sort | stock market development under globalization whither the gains from reforms |
| title_sub | Whither The Gains From Reforms ? |
| topic | Bank Policy Capital Market Development Capital Market Reforms Capital Markets Capital Raising Debt Markets Domestic Capital Domestic Capital Market Domestic Market Domestic Markets Emerging Markets Equity Finance and Financial Sector Development Macroeconomics and Economic Growth Markets and Market Access Private Sector Development |
| topic_facet | Bank Policy Capital Market Development Capital Market Reforms Capital Markets Capital Raising Debt Markets Domestic Capital Domestic Capital Market Domestic Market Domestic Markets Emerging Markets Equity Finance and Financial Sector Development Macroeconomics and Economic Growth Markets and Market Access Private Sector Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4184 |
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