Download or read book Argentina written by World Bank and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina Capital Market Development Project written by World Bank. Trade, Finance, and Private Sector Development Division and published by . This book was released on 1994 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina Capital Market Development Technical Assistance Project CMDTAL Loans Nos 37100 AR 3710A AR and 3710S AR Implementation Completion Report Core ICR written by World Bank. Latin America and the Caribbean Regional Office. Finance, Private Sector and Infrastructure and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina written by World Bank Group and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Argentina's improved sovereign credit rating has helped to spur the recent sub-sovereign and corporate bond issues. In early April 2016, Standard & Poor's upgraded Argentina's sovereign ratings for local and foreign currency debt to B from B-. This follows the ratings upgrade from Moody's which raised Argentina's sovereign rating for foreign currency denominated debt from C1 to B3 in 2016. This rating was re-affirmed by Moody's in March 2017. Since Argentina's re-entry into the international capital markets in early 2016, there has been USD 8.4 billion and USD 4.4 billion of bonds issued by sub-sovereign and corporate entities which is being used, in part, being used to support infrastructure projects. Although investor appetite has been relatively strong, it is difficult to ascertain the level of liquidity for sub-sovereign debt over the long-term. The potential level of involvement of foreign and local banks in the financing of infrastructure is still to be determined once Public-Private Partnerships (PPP) projects are tendered. Going forward, the issues that will impact the participation of lenders are: (i) the timing for completing and implementing the underlying regulatory framework for PPPs; (ii) the development of a project pipeline and subsequent tenders; (ii) macroeconomic conditions. The ability of the renewable energy projects under the RenovAR program to obtain bank financing will serve as useful benchmark for the rest of the PPP program. Although the enactment of the capital markets law is intended to reduce market inefficiencies, additional legislation, regulation and policies are needed to deepen and widen local capital markets. This law, which is still under legislative review, may not go far enough to develop the institutional investor base needed to provide long-term financing for infrastructure. Provisions could be added or new legislation could be developed which will: (a) encourage insurance companies to offer new types of products; (b) rebuild private pension systems by incentivizing the establishment of asset management companies; (c) providing preferential tax treatment for closed end mutual funds or value capture adjacent to real estate; (d) supporting the establishment of REITs; (e) reviewing the governance structure, mission, and investment strategy of the FGS; (f) support the development of long-term hedging instruments to manage currency risk through trusts or related mechanisms; and (g) promote the issuance of peso-linked bonds while developing a peso/dollar hedge market.
Download or read book Informative Bulletin Capital Markets Development Program written by Organization of American States. Capital Markets Development Program and published by . This book was released on 1971 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina written by Weltbankgruppe and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina written by World Bank Group and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report represents a high-level diagnostic of the capital market in Argentina, its potential for corporate, SME and infrastructure financing, and proposed actions to unlock such potential, as well as the respective roles of financial authorities and market participants. A detailed assessment of the government bond market was outside of the scope of the report. However its importance to support the development of the corporate bond market should be highlighted. The report's findings are based on discussions and information from key representatives of the public sector and a cross section of market participants and other stakeholders. These included representatives from the Ministerio de Finanzas (MoF), the Comisian Nacional de Valores (CNV), the Central Bank (CB), and the Unidad de Informacian Financiera (UIF). It also met with representatives from the Mercado de Valores de Buenos Aires (MERVAL), the Mercado Argentino de Valores (MAV) the Mercado Abierto Electranico (MAE), a sample of brokerage houses, banks and fiduciary entities, the Fondo de Garantaa de Sustentabilidad (FGS - ANSES), an insurance company, a credit rating agency, a sample of law firms, and a tax firm. The report is organized as follows: Part One provides a description of the state of development of the market, in particular the supply and demand side. Part Two provides an assessment of critical factors that have an impact on capital market development along with recommendations to address them. Parts Three, Four and Five provide a focused analysis of the use of capital markets for corporate, SME and infrastructure financing.
Download or read book Argentina and the World Capital Market written by Alan M. Taylor and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is concerned with integration in the world capital market between the" economies of the core and periphery in the twentieth century. It proceeds with some general" observations and with a special focus on the case of Argentina. I will argue that understanding" the changing relations in international capital markets offers important insights into the growth" and development process, especially for the countries of the periphery. Moreover extent of market integration in history informs current conditions in the relationship between" capital-scarce economies, like Argentina, and the global capital market as a whole. Looking to" the future, the repercussions of economic reform and demographic change suggest likely" implications for future saving, investment, and international capital flows."
Download or read book Financing Regional Growth and the Inter American Development Bank written by Ernesto Vivares and published by Routledge. This book was released on 2013-05-02 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crisis of the current global financial order is challenging us to critically reflect on how this order has been driven, and the development outcomes produced by its central political and economic actors. There is a great deal of academic knowledge about the role of the international financial institutions, powerful states and capital markets in international development, but there is little understanding of how regional dynamics and regional institutions influence global governance and developing countries. This book offers an independent and grounded investigation concerning the political economic role of Regional Development Banks through a study of the world’s leading regional development bank, the Inter-American Development Bank (IDB). The book examines the political economy of the IDB and its role in regional and national development during the neoliberalisation processes of the 1990s. In particular, the investigations explore the IDB’s power in regional and national development – via its technical, political and financial interventions – to frame policy alternatives, absorb opposition forces, support specific coalition forces and justify a particular direction of development, all in order to legitimize specific political economic projects directed by market-led pro-reform coalitions aligned with global financial forces and financial development guidelines. This book will be relevant to scholars and professionals interested in the international and regional political economy of development financing.
Download or read book Capital Market Growth written by Denise I. Heidelberg and published by . This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Latin American Local Capital Markets Challenges and Solutions written by Mauro Miranda and published by CFA Institute Research Foundation. This book was released on 2018-06-15 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital markets, both for debt and equity securities, have allowed firms to secure funding for productive uses while providing investors with opportunities for portfolio diversification. The importance of capital markets for the development of economies and for the betterment of society cannot be overstated. This is just as true in emerging economies with free markets, such as those found in Latin America, as it is in developed markets. However, capital markets in the region are not being utilized to the fullest. The idea behind this collection of articles is to offer a primer on the development of local capital markets in several select countries in Latin America. We discuss not only their history and current status but also their future. To this end, seven authors contributed to this project, each writing about one of seven countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. Each author decided which issues they believe matter most to the progress of their local capital markets. Some authors chose a qualitative and institutional description of local markets, whereas others adopted a more quantitative approach.
Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006-10-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Download or read book Argentina Improving Fundamentals Despite Short term Correction written by and published by . This book was released on 1992 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina written by Weltbankgruppe and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Argentina written by Weltbankgruppe and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This document has the purpose of identifying and describing actions that could aid in facilitating the financing of Small and Medium Enterprises (SMEs) through instruments channeled via the capital markets. By way of precedent, it is worthwhile to mention the document 'Argentina capital market assessment and development prospects' of the World Bank (October 2016) where a diagnosis was performed (along with certain recommendations) of the Argentine capital markets in general and including sectoral aspects within which Small and Medium Enterprises (SMEs) and the capital market were analyzed. The structure of the document comprises the following sections: (a) characteristics of SME financing and the main obstacles they face; (b) analysis of proposals; (c) key players; (d) main conclusions; and (e) annexes including comparative country cases.
Download or read book Mobilizing Domestic Capital Markets for Infrastructure Financing written by and published by World Bank Publications. This book was released on 1997 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 369. Hydropower and irrigation projects involving reservoirs can displace thousands of people from their traditional lands and deprive them of their livelihoods. If poorly planned, they can also lead to environmental degradation. Solutions to these problems must be found--solutions that are technically feasible, sustainable, environmentally appropriate, and acceptable to the people who are resettled. This paper explains how the planned, integrated development of fishery ecosystems in reservoirs not only can mitigate the negative social consequences of dam construction, but also can enhance the economic benefits from hydropower and irrigation projects in many developing countries. The paper draws on the success of fish farming efforts in the Saguling and Cirata reservoirs in Java, which attests to the potential for creating employment in reservoirs that are in place and under construction around the world.
Download or read book Financial Sector Reform written by N. Mathieu and published by World Bank Publications. This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soon after its declaration of independence, Lithuania launched a program of market-based economic reforms that achieved remarkable results. However, a banking crisis erupted in January 1996, driven by a combination of ineffective bank supervision, poor bank practices, and deep-rooted sectoral imbalances. With financial support from the World Bank, Lithuanian authorities embarked on a broad economic reform program with two immediate objectives: the resolution of the banking system's operational and undercapitalization problems, and a reduction in the most severe imbalances in the economy. Volume I (see ordering information below) distills findings and conclusions and builds a policy action plan for fast stable growth. Volume II contains a collection of twelve policy notes that provide the technical analysis behind that plan. Also available: Volume II/Analytical Backgroung(ISBN 0-8213-4327-0) Stock no. 14327.
