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Promary Securities Markets. Cross Country Findings

Author

Listed:
  • Aylward, A.
  • Glen, J.

Abstract

This paper examines aggregate primary capital market activity in a cross section of emerging market and developed countries. We analyze data on the value of funds raised domestically via issues of debt and equity securities in public capital markets in 32 countries over the period 1980-95. There was a dramatic increase in the level of activity over that time, as well as substantial differences in the level of activity across markets and countries.

Suggested Citation

  • Aylward, A. & Glen, J., 1999. "Promary Securities Markets. Cross Country Findings," Papers 39, World Bank - International Finance Corporation.
    • Handle: RePEc:fth:wobafi:39
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    Cited by:

    1. World Bank & International Monetory Fund, 2001. "Developing Government Bond Markets : A Handbook," World Bank Publications - Books, The World Bank Group, number 13865, December.

    More about this item

    Keywords

    DEVELOPING COUNTRIES ; MARKETS STRUCTURES ; FINANCIAL MARKET;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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