IFC Discussion Paper No. 39.During the period 1980-95, the level of activity increased dramatically for funds raised domestically via issues of debt and equity

Primary capital markets involve the exchange of cash for claims against the issuers, either in the form of equity or debt, or some other derivative instrument.

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Base

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p

The book, the first time, critically evaluates the evolution of both equity and securities markets in transition economies.