TY  - BOOK
AU  - Park,Joonkyu
ED  - International Monetary Fund.
TI  - Brazil's capital market: current status and issues for further development 
T2  - IMF working paper
SN  - 9781475589146
SN  - 2227-8885
AV  - HG3881.5.I58 W67 No. 224eb
U1  - 332.0981 23
PY  - 2012///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Capital market
KW  - Brazil
KW  - BUSINESS & ECONOMICS / Finance
KW  - bisacsh
KW  - Electronic books
N1  - Available in PDF, ePUB, and Mobi formats on the Internet; "Western Hemisphere Department."; "September 2012."; Includes bibliographical references
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568128
ER  -