Publications

Capital Markets and Development

Type
Link
Cost
Paid
Published
1991

Capital Markets and Development is a comprehensive guide for establishing new equity markets. For decades, economists have assumed that poor countries can't support capital markets. This book puts the lie to that. Its wide-ranging exploration of twentieth-century financial institutions reveals that poor countries can't develop without capital markets. It gives special attention to the development of securities markets and the promise of equity finance in poor countries.

  • As explained in this volume, capital markets were not always critical to development.

  • This volume is the result of one in a series of ten seminars designed to reexamine established precepts and practices of economic and political development.