Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic

Working Papers in full text
2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All

Other research-related activities and publications of the IMF can be found at IMF Research

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile

Author/Editor:

Shah, Hemant | Carvajal, Ana | Bannister, Geoffrey J. | Chan-Lau, Jorge A. | Guerra, Ivan

Authorized for Distribution:

December 1, 2007

Electronic Access:

Free Full Text (PDF file size is 884KB)
Use the free Adobe Acrobat Reader to view this PDF file.

Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This study focuses on equity, private debt, and asset-backed securities markets in Central America. These markets are generally under-developed throughout the region due to several structural problems, economic and political factors, and weaknesses in regulation and in institutional investor base. The paper identifies key country-specific recommendations to strengthen securities laws, regulatory oversight, market infrastructure, investor base, and new products such as asset-backed securities. Despite these efforts, developing seven viable private capital markets is a difficult goal. The paper thus also explores the benefits and difficulties of creating a single capital market in a region still short of full economic integration.

Series:

Working Paper No. 07/288

Subject(s):

Author's keyword(s):

English

Published:	December 1, 2007
		Format:	Paper
Stock No:	WPIEA2007288	Pages:	130
Price:	US$18.00


Please address any questions about this title to publications@imf.org.