Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic
AbstractThis study focuses on equity, private debt, and asset-backed securities markets in Central America. These markets are generally under-developed throughout the region due to several structural problems, economic and political factors, and weaknesses in regulation and in institutional investor base. The paper identifies key country-specific recommendations to strengthen securities laws, regulatory oversight, market infrastructure, investor base, and new products such as asset-backed securities. Despite these efforts, developing seven viable private capital markets is a difficult goal. The paper thus also explores the benefits and difficulties of creating a single capital market in a region still short of full economic integration.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/288.
Date of creation: 01 Dec 2007
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-01-26 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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