| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10064 |
| 来源ID | Working Paper 10064 |
| Domestic Capital Market Reform and Access to Global Finance: Making Markets Work | |
| Peter Blair Henry; Peter Lombard Lorentzen | |
| 发表日期 | 2003-11-03 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Contrary to the predictions of standard economic theory, capital market liberalization has been a mixed blessing for many countries. Liberalization of debt inflows exposes economies to the risk of crises stemming from sudden changes in investor sentiment. Equity market liberalizations, on the other hand, have promoted growth in almost every liberalizing country. Yet equity market liberalizations have not had as strong an effect as might be expected. To convince outsiders to invest, countries must put in place laws and supporting institutions to protect the rights of minority shareholders. Countries with such protections tend to have larger, more efficient, and more stable stock markets than those that do not. |
| 主题 | International Economics ; International Finance ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w10064 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567692 |
| 推荐引用方式 GB/T 7714 | Peter Blair Henry,Peter Lombard Lorentzen. Domestic Capital Market Reform and Access to Global Finance: Making Markets Work. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10064.pdf（315KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
