Development of capital markets in member countries of the South Asian Association for Regional Cooperation /
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Manila, Philippines :
Asian Development Bank,
2013.
|
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |
Table of 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