Practical Guide on the Potential of Capital Markets Development in Small Economies
The World Bank, with support from authorities in the Western Balkans, has developed a practical guide for capital markets development in small economies. The guide supports the implementation of the Multi-Annual Action Plan for a Regional Economic...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/397831562046607724/Practical-Guide-on-the-Potential-of-Capital-Markets-Development-in-Small-Economies http://hdl.handle.net/10986/32067 |
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okr-10986-320672021-05-25T09:25:59Z Practical Guide on the Potential of Capital Markets Development in Small Economies World Bank Group CAPITAL MARKET DEVELOPMENT SMALL ECONOMY BOND MARKET MONEY MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK FINANCIAL INFRASTRUCTURE INTERNATIONAL CAPITAL MARKETS The World Bank, with support from authorities in the Western Balkans, has developed a practical guide for capital markets development in small economies. The guide supports the implementation of the Multi-Annual Action Plan for a Regional Economic Area in the Western Balkans Six by helping inform policy discussions around capital markets development, including to what extent capital markets have potential and should be given priority in the region and small economies more broadly. The practical guide aims to provide regulators and policymakers in small economies with an overview of the capital market development agenda and existing challenges. The guide aims to support policymakers and regulators of small economies identify general preconditions, key constraints, and areas of potential for development of local capital markets. A framework for analysis of preconditions and capital markets development has been developed to guide reforms in small economies. A pilot of the methodology in Serbia helped further advance the framework and adapt it to the realities that small economies face. The framework for analysis of the preconditions and capital markets is outlined in Annex two. The practical guide focuses on both necessary preconditions and on relevant specific issues in capital markets development. It includes an assessment of the macro-fundamental preconditions that need to be in place to make capital markets development possible, including macro-political stability, level of savings, the structure of corporate sector, the broader legal and regulatory framework (including insolvency law and tax law), the level of real interest rates, and the soundness of the banking sector. 2019-07-11T19:26:08Z 2019-07-11T19:26:08Z 2019 Report http://documents.worldbank.org/curated/en/397831562046607724/Practical-Guide-on-the-Potential-of-Capital-Markets-Development-in-Small-Economies http://hdl.handle.net/10986/32067 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Europe and Central Asia Serbia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CAPITAL MARKET DEVELOPMENT SMALL ECONOMY BOND MARKET MONEY MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK FINANCIAL INFRASTRUCTURE INTERNATIONAL CAPITAL MARKETS |
| spellingShingle |
CAPITAL MARKET DEVELOPMENT SMALL ECONOMY BOND MARKET MONEY MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK FINANCIAL INFRASTRUCTURE INTERNATIONAL CAPITAL MARKETS World Bank Group Practical Guide on the Potential of Capital Markets Development in Small Economies |
| geographic_facet |
Europe and Central Asia Serbia |
| description |
The World Bank, with support from
authorities in the Western Balkans, has developed a
practical guide for capital markets development in small
economies. The guide supports the implementation of the
Multi-Annual Action Plan for a Regional Economic Area in the
Western Balkans Six by helping inform policy discussions
around capital markets development, including to what extent
capital markets have potential and should be given priority
in the region and small economies more broadly. The
practical guide aims to provide regulators and policymakers
in small economies with an overview of the capital market
development agenda and existing challenges. The guide aims
to support policymakers and regulators of small economies
identify general preconditions, key constraints, and areas
of potential for development of local capital markets. A
framework for analysis of preconditions and capital markets
development has been developed to guide reforms in small
economies. A pilot of the methodology in Serbia helped
further advance the framework and adapt it to the realities
that small economies face. The framework for analysis of the
preconditions and capital markets is outlined in Annex two.
The practical guide focuses on both necessary preconditions
and on relevant specific issues in capital markets
development. It includes an assessment of the
macro-fundamental preconditions that need to be in place to
make capital markets development possible, including
macro-political stability, level of savings, the structure
of corporate sector, the broader legal and regulatory
framework (including insolvency law and tax law), the level
of real interest rates, and the soundness of the banking sector. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Practical Guide on the Potential of Capital Markets Development in Small Economies |
| title_short |
Practical Guide on the Potential of Capital Markets Development in Small Economies |
| title_full |
Practical Guide on the Potential of Capital Markets Development in Small Economies |
| title_fullStr |
Practical Guide on the Potential of Capital Markets Development in Small Economies |
| title_full_unstemmed |
Practical Guide on the Potential of Capital Markets Development in Small Economies |
| title_sort |
practical guide on the potential of capital markets development in small economies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/397831562046607724/Practical-Guide-on-the-Potential-of-Capital-Markets-Development-in-Small-Economies http://hdl.handle.net/10986/32067 |
| _version_ |
1764475709534765056 |