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Book Cover
E-book
Author Romero-Torres, Jennifer, author

Title Development of capital markets in member countries of the South Asian Association for Regional Cooperation / Jennifer Romero-Torres, Stephen Wells, Susan Selwyn-Khan
Published Manila, Philippines : Asian Development Bank, 2013
©2013

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Description 1 online resource (98 pages) : illustrations, tables
Contents Cover -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Glossary -- Executive Summary -- I. Introduction -- A. Background and Purpose -- B. Scope and Methodology of the Study -- II. Capital Market Integration -- A. Meaning of Capital Market Integration -- B. Benefits of Integration -- C. Opportunities and Challenges -- D. Barriers -- E. Models of Capital Market Integration -- F. Capital Market Integration and Stock Exchanges -- III. Overview of SAARC Capital Markets -- A. Legal System -- B. SAARC as an Economic Region
IV. Country ResultsA. Bangladesh -- B. Bhutan -- C. India -- D. Maldives -- E. Nepal -- F. Pakistan -- G. Sri Lanka -- V. Cross-Regional Findings -- A. Market Regulation -- B. Market Abuse and Investor Protection -- C. Issuer Regulation -- D. Corporate Governance -- E. Macroeconomic Regulations -- VI. Analysis of Findings -- A. Diversity of Size and Development -- B. Similarity of Standards, Diversity of Compliance and Enforcement -- C. Markets Closed to Foreign Companies -- D. Markets Open to Foreign Brokers -- E. Viability of Smaller Markets
F. Exchange Control Remains a ChallengeG. Limited Interest in SAARC as an Investment Destination -- H. Limited Contact and Interaction within SAARC -- I. Demutualization -- VII. Implications for Harmonization and Integration -- VIII. Ideas Leading to SAARC Capital Market Integration -- A. Regional Markets or Instruments -- B. Setting and Implementing Basic Common Standards -- C. Greater Interchange of Ideas -- IX. Conclusions -- A. Capital Market Integration Is Likely to Bring Overall Benefits -- B. Different Starting Points, Different Speeds, One Goal
X. RecommendationsA. Initiate a Program for Information Exchange, and Development and Formation of a Capital Markets Lobby -- B. Formulate a Common Policy on Exchange Control Relaxation -- C. Make Harmonization a Policy Aim and Set Basic SAARC Standards -- D. Support Improvements in Regulator Capacity -- E. Help Small Markets Develop Sustainable Business Strategies -- F. Be Aware of and Support Private Sector Initiatives -- G. Improve Commercial Imperatives and Skills in Stock Exchanges -- H. Set Up a Regional Body to Support Capital Market Harmonization and Development
Notes Online resource; title from PDF title page (ebrary, viewed August 11, 2014)
Subject South Asian Association for Regional Cooperation.
SUBJECT South Asian Association for Regional Cooperation fast
Subject Capital market.
HISTORY -- Asia -- India & South Asia.
Capital market
Form Electronic book
Author Wells, Stephen, author
Selwyn-Khan, Susan, author
ISBN 9789292542795
9292542796