A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania PDF (Adobe DRM) download by Daehaeng Kim

A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania

INTERNATIONAL MONETARY FUND
Publication date: March 2004
ISBN: 9781451873917
Digital Book format: PDF (Adobe DRM)

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Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as establishing pricing benchmarks, adopting, implementing and enforcing securities laws and regulations, encouraging the growth of an institutional investor base, and providing adequate trading infrastructure. This paper provides an overview of the trends in the region's local capital markets, and examines the main factors that have contributed to their growth and effectiveness to date. It also discusses selected policy responses necessary to further improve the breadth and depth of these markets.
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