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Brazil's capital market [electronic resource] : current status and issues for further development / prepared by Joonkyu Park.

By: Contributor(s): Material type: TextTextSeries: IMF working paper ; WP/12/224.Publication details: Washington, D.C. : International Monetary Fund, 2012.Description: 1 online resource (21 p.)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781475589146
  • 147558914X
ISSN:
  • 2227-8885
Uniform titles:
  • IMF eLibrary.
Subject(s): Genre/Form: DDC classification:
  • 332.0981 23
LOC classification:
  • HG3881.5.I58 W67 No. 224eb
Online resources: Abstract: Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil?s capital markets are still facing a number of challenges including prevalent short-term indexation, investors? risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

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Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil?s capital markets are still facing a number of challenges including prevalent short-term indexation, investors? risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance.

Includes bibliographical references.

"Western Hemisphere Department."

"September 2012."

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