자료유형 | 단행본 |
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서명/저자사항 | Brazil's capital market : current status and issues for further development/ prepared by Joonkyu Park. |
개인저자 | Park, Joonkyu. |
단체저자명 | International Monetary Fund. Western Hemisphere Department. |
발행사항 | Washington, D.C.: International Monetary Fund, 2012. |
형태사항 | 1 online resource (21 pages). |
총서사항 | IMF working paper,2227-8885; WP/12/224 |
ISBN | 9781475589146 147558914X |
기타표준부호 | 10.5089/9781475589146.001 |
일반주기 |
Available in PDF, ePUB, and Mobi formats on the Internet.
"Western Hemisphere Department." "September 2012." |
서지주기 | Includes bibliographical references. |
요약 | 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. |
통일서명 | IMF eLibrary. |
주제명(지명) | Brazil. --fast |
일반주제명 | Capital market --Brazil. BUSINESS & ECONOMICS --Finance. Capital market. |
언어 | 영어 |
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