Brazil's capital market :: current status and issues for further development /
Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The m...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/224. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil?s capital markets are still facing a number of challenges including prevalent short-term indexation, investors? risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance. |
| Beschreibung: | Available in PDF, ePUB, and Mobi formats on the Internet. "Western Hemisphere Department." "September 2012." |
| Beschreibung: | 1 online resource (21 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781475589146 147558914X 9781475510256 147551025X 9781475547818 1475547811 |
| ISSN: | 2227-8885 ; |
Internformat
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| 100 | 1 | |a Park, Joonkyu. |0 http://id.loc.gov/authorities/names/no2012122648 | |
| 245 | 1 | 0 | |a Brazil's capital market : |b current status and issues for further development / |c prepared by Joonkyu Park. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2012. | ||
| 300 | |a 1 online resource (21 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/12/224 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil?s capital markets are still facing a number of challenges including prevalent short-term indexation, investors? risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance. | |
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Western Hemisphere Department." | ||
| 500 | |a "September 2012." | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Brazil's Capital Markets-Issues and Status; A. Short-Term Maturity and Low Turnover; B. Equity Market; Figures; 1. Variables Related to Short-Term Duration and Low Turnover; 2. Recent Developments in Equity Market; 3. Peer Comparison of Equity Market; 4. Industrial Composition of Stock Exchanges; 5. Investor Composition in IPO and Stock Trading; 6. Foreign Investors' Share in Market Capitalization; C. Government Bond Market; 7. Profile of Government Bonds; 8. Average Maturity of Government Bonds; 9. Investor Base for Fixed Rate Bonds. | |
| 505 | 8 | |a D. Private Bond Market10. Each Investor Group's Preference on Government Bonds (As of April 2012); 11. Private Bond Issuance and Investor Composition; 12. Corporate Financing during the Crisis: Brazil; 13. Corporate Bond Market During the Crisis: Korea and Chile; E. Role of BNDES; 14. Investor Base in Corporate Bond Market: Korea and Chile; 15. Recent Developments in BNDES; III. Key Policy Challenges and Options; A. Issuers' Side: Enhance Supply and Attractiveness of Long-Term Instruments; B. Investors' Side: Boost Potential in Mutual Funds; 16. Peer Comparison of Mutual Fund Industry. | |
| 505 | 8 | |a 17. Changes in Asset Allocation of Mutual Fund IndustryC. Changes in the Role of BNDES; 18. Mutual Fund's Sensitivities to Changes in Interest Rate; IV. Conclusions; 19. BNDES Disbursement by Sectors and Types of Operations; 20. Design of Capital Market Development; References. | |
| 650 | 0 | |a Capital market |z Brazil. | |
| 650 | 6 | |a Marché financier |z Brésil. | |
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| 650 | 7 | |a Capital market |2 fast | |
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| _version_ | 1816796911514943490 |
| adam_text | |
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| author | Park, Joonkyu |
| author_GND | http://id.loc.gov/authorities/names/no2012122648 |
| author_corporate | International Monetary Fund. Western Hemisphere Department |
| author_corporate_role | |
| author_facet | Park, Joonkyu International Monetary Fund. Western Hemisphere Department |
| author_role | |
| author_sort | Park, Joonkyu |
| author_variant | j p jp |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 224eb |
| callnumber-search | HG3881.5.I58 W67 No. 224eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 3224EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | Cover; Contents; I. Introduction; II. Brazil's Capital Markets-Issues and Status; A. Short-Term Maturity and Low Turnover; B. Equity Market; Figures; 1. Variables Related to Short-Term Duration and Low Turnover; 2. Recent Developments in Equity Market; 3. Peer Comparison of Equity Market; 4. Industrial Composition of Stock Exchanges; 5. Investor Composition in IPO and Stock Trading; 6. Foreign Investors' Share in Market Capitalization; C. Government Bond Market; 7. Profile of Government Bonds; 8. Average Maturity of Government Bonds; 9. Investor Base for Fixed Rate Bonds. D. Private Bond Market10. Each Investor Group's Preference on Government Bonds (As of April 2012); 11. Private Bond Issuance and Investor Composition; 12. Corporate Financing during the Crisis: Brazil; 13. Corporate Bond Market During the Crisis: Korea and Chile; E. Role of BNDES; 14. Investor Base in Corporate Bond Market: Korea and Chile; 15. Recent Developments in BNDES; III. Key Policy Challenges and Options; A. Issuers' Side: Enhance Supply and Attractiveness of Long-Term Instruments; B. Investors' Side: Boost Potential in Mutual Funds; 16. Peer Comparison of Mutual Fund Industry. 17. Changes in Asset Allocation of Mutual Fund IndustryC. Changes in the Role of BNDES; 18. Mutual Fund's Sensitivities to Changes in Interest Rate; IV. Conclusions; 19. BNDES Disbursement by Sectors and Types of Operations; 20. Design of Capital Market Development; References. |
| ctrlnum | (OCoLC)867109997 |
| dewey-full | 332.0981 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.0981 |
| dewey-search | 332.0981 |
| dewey-sort | 3332.0981 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| indexdate | 2024-11-26T14:49:12Z |
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| isbn | 9781475589146 147558914X 9781475510256 147551025X 9781475547818 1475547811 |
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| series2 | IMF working paper, |
| spelling | Park, Joonkyu. http://id.loc.gov/authorities/names/no2012122648 Brazil's capital market : current status and issues for further development / prepared by Joonkyu Park. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (21 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper, 2227-8885 ; WP/12/224 Available in PDF, ePUB, and Mobi formats on the Internet. Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil?s capital markets are still facing a number of challenges including prevalent short-term indexation, investors? risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance. Includes bibliographical references. "Western Hemisphere Department." "September 2012." Cover; Contents; I. Introduction; II. Brazil's Capital Markets-Issues and Status; A. Short-Term Maturity and Low Turnover; B. Equity Market; Figures; 1. Variables Related to Short-Term Duration and Low Turnover; 2. Recent Developments in Equity Market; 3. Peer Comparison of Equity Market; 4. Industrial Composition of Stock Exchanges; 5. Investor Composition in IPO and Stock Trading; 6. Foreign Investors' Share in Market Capitalization; C. Government Bond Market; 7. Profile of Government Bonds; 8. Average Maturity of Government Bonds; 9. Investor Base for Fixed Rate Bonds. D. Private Bond Market10. Each Investor Group's Preference on Government Bonds (As of April 2012); 11. Private Bond Issuance and Investor Composition; 12. Corporate Financing during the Crisis: Brazil; 13. Corporate Bond Market During the Crisis: Korea and Chile; E. Role of BNDES; 14. Investor Base in Corporate Bond Market: Korea and Chile; 15. Recent Developments in BNDES; III. Key Policy Challenges and Options; A. Issuers' Side: Enhance Supply and Attractiveness of Long-Term Instruments; B. Investors' Side: Boost Potential in Mutual Funds; 16. Peer Comparison of Mutual Fund Industry. 17. Changes in Asset Allocation of Mutual Fund IndustryC. Changes in the Role of BNDES; 18. Mutual Fund's Sensitivities to Changes in Interest Rate; IV. Conclusions; 19. BNDES Disbursement by Sectors and Types of Operations; 20. Design of Capital Market Development; References. Capital market Brazil. Marché financier Brésil. BUSINESS & ECONOMICS Finance. bisacsh Capital market fast Brazil fast https://id.oclc.org/worldcat/entity/E39QbtfRB9KGtqfkFTFbfB77QY International Monetary Fund. Western Hemisphere Department. http://id.loc.gov/authorities/names/n82237138 IMF eLibrary. has work: Brazil's capital market (Text) https://id.oclc.org/worldcat/entity/E39PCGTkBktHP7YRtJryWg4dKm https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/12/224. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568128 Volltext |
| spellingShingle | Park, Joonkyu Brazil's capital market : current status and issues for further development / IMF working paper ; Cover; Contents; I. Introduction; II. Brazil's Capital Markets-Issues and Status; A. Short-Term Maturity and Low Turnover; B. Equity Market; Figures; 1. Variables Related to Short-Term Duration and Low Turnover; 2. Recent Developments in Equity Market; 3. Peer Comparison of Equity Market; 4. Industrial Composition of Stock Exchanges; 5. Investor Composition in IPO and Stock Trading; 6. Foreign Investors' Share in Market Capitalization; C. Government Bond Market; 7. Profile of Government Bonds; 8. Average Maturity of Government Bonds; 9. Investor Base for Fixed Rate Bonds. D. Private Bond Market10. Each Investor Group's Preference on Government Bonds (As of April 2012); 11. Private Bond Issuance and Investor Composition; 12. Corporate Financing during the Crisis: Brazil; 13. Corporate Bond Market During the Crisis: Korea and Chile; E. Role of BNDES; 14. Investor Base in Corporate Bond Market: Korea and Chile; 15. Recent Developments in BNDES; III. Key Policy Challenges and Options; A. Issuers' Side: Enhance Supply and Attractiveness of Long-Term Instruments; B. Investors' Side: Boost Potential in Mutual Funds; 16. Peer Comparison of Mutual Fund Industry. 17. Changes in Asset Allocation of Mutual Fund IndustryC. Changes in the Role of BNDES; 18. Mutual Fund's Sensitivities to Changes in Interest Rate; IV. Conclusions; 19. BNDES Disbursement by Sectors and Types of Operations; 20. Design of Capital Market Development; References. Capital market Brazil. Marché financier Brésil. BUSINESS & ECONOMICS Finance. bisacsh Capital market fast |
| title | Brazil's capital market : current status and issues for further development / |
| title_alt | IMF eLibrary. |
| title_auth | Brazil's capital market : current status and issues for further development / |
| title_exact_search | Brazil's capital market : current status and issues for further development / |
| title_full | Brazil's capital market : current status and issues for further development / prepared by Joonkyu Park. |
| title_fullStr | Brazil's capital market : current status and issues for further development / prepared by Joonkyu Park. |
| title_full_unstemmed | Brazil's capital market : current status and issues for further development / prepared by Joonkyu Park. |
| title_short | Brazil's capital market : |
| title_sort | brazil s capital market current status and issues for further development |
| title_sub | current status and issues for further development / |
| topic | Capital market Brazil. Marché financier Brésil. BUSINESS & ECONOMICS Finance. bisacsh Capital market fast |
| topic_facet | Capital market Brazil. Marché financier Brésil. BUSINESS & ECONOMICS Finance. Capital market Brazil |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568128 |
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