Emerging Capital Markets and Globalization : The Latin American Experience, Paperback by De LA Torre, Augusto; Schmukler, Sergio L., ISBN 0804757194, ISBN-13 9780804757195, Like New Used, Free shipping in the US

The authors (both of the World Bank) take stock of the development of local securities markets in Latin America through discussion of the historical development of markets, empirical questions, and policy issues. The authors seek to explain the relatively shallow development of local capital markets and their high degree of financial integration in global markets in reference to such potential reasons as differences in savings rates, degrees of macroeconomic volatility, degrees of "home bias," and time zones, to name a view. When discussing policy issues, the pay particular attention to the internationalization of stock markets, local currency debt markets, and market access for small and medium enterprises. Co-published by Stanford U. Press. Annotation ©2007 Book News, Inc., Portland, OR ()