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Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292542796 Category : Business & Economics Languages : en Pages : 126
Book Description
This report examines the development and barriers to harmonization and integration among the capital markets of members of the South Asian Association for Regional Cooperation and enumerate steps to achieving harmonization and integration. The globalization of capital markets has encouraged moves toward regional harmonization and integration. This report examines and compares the level of development of capital markets in the South Asian region, assesses the prospects for greater harmonization and integration, and proposes a set of measures to move that process forward. The study of the markets shows wide variations not only in market size but also in the standards of regulation and general development. The level of integration and harmonization of South Asian capital markets is low. There are major barriers including exchange controls, ownership restrictions, and differences in regulatory standards and enforcement capacity. The proposals address some of these barriers and include measures to promote awareness, stimulate innovation, raise regulatory standards, and champion the value of integration.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292542796 Category : Business & Economics Languages : en Pages : 126
Book Description
This report examines the development and barriers to harmonization and integration among the capital markets of members of the South Asian Association for Regional Cooperation and enumerate steps to achieving harmonization and integration. The globalization of capital markets has encouraged moves toward regional harmonization and integration. This report examines and compares the level of development of capital markets in the South Asian region, assesses the prospects for greater harmonization and integration, and proposes a set of measures to move that process forward. The study of the markets shows wide variations not only in market size but also in the standards of regulation and general development. The level of integration and harmonization of South Asian capital markets is low. There are major barriers including exchange controls, ownership restrictions, and differences in regulatory standards and enforcement capacity. The proposals address some of these barriers and include measures to promote awareness, stimulate innovation, raise regulatory standards, and champion the value of integration.
Author: Gagan Deep Sharma Publisher: LAP Lambert Academic Publishing ISBN: 9783847301752 Category : Languages : en Pages : 228
Book Description
Formed in 1985, South Asian Association for Regional Cooperation (SAARC) emerges as a significant region in the world in terms of economic and political system. As the flow of capital from all around the world comes into the developing and under-developed economies, SAARC nations are becoming the cynosure for global investors. This leads to an increased interest of the world in the stock markets of SAARC nations. The stock markets of SAARC countries, transforming from low to medium and high growth trajectory, are supposed to yield better rewards than the developed economies' stock markets. While the international investors (institutional as well as individual) are looking for the stock exchanges in the region for diversifying their investments, diversification within the region is also catching the eye of investors and financial analysts. It is with this background that the topic of researching on the risk and return from equity markets of SAARC nations is chosen.
Author: Asian Development Bank Publisher: Oxford University Press, USA ISBN: 9780198099451 Category : Business & Economics Languages : en Pages : 0
Book Description
The fiscal crisis in Europe continues to cast a shadow on the global economic outlook, and the securities issued by the United States and European nations are losing their status as traditional safe assets and reserve value. As a result, investors and governments are looking to diversify their investment portfolio with emerging markets, particularly Asian bonds. Such renewed interest has led to excessive capital inflows, making the region increasingly vulnerable to external shocks. However, on the other hand, it leads to abundant liquidity in the capital markets, which reduces financing costs and expands investment opportunities. This book analyses this dilemma and proposes that development of local bond markets and achieving greater market depth and interconnectedness is the best bet to prevent the reoccurrence of a currency crisis like 1997. It thus, assesses the progress achieved thus far in capital market integration in Asia, and compares it with its global peers. The study also assesses the degree to which volatility in equity and bond market returns, driven by financial turmoil originating at both the regional and global levels, spills over into emerging Asia domestic equity and bond markets. The results of this analysis indicate that such spill-over significantly impacts both domestic equity and bond markets in the region. This finding suggests that on-going regional capital market integration initiatives should take into account the risk of contagion that regional financial integration presents, and introduce measures for mitigating such risk as a means of ensuring financial stability in the region.
Author: Sultan Hafeez Rahman Publisher: Edward Elgar Publishing ISBN: 1781005249 Category : Business & Economics Languages : en Pages : 425
Book Description
South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others.
Author: Mr.Masafumi Yabara Publisher: International Monetary Fund ISBN: 1463971826 Category : Business & Economics Languages : en Pages : 31
Book Description
Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic capital markets through a regional approach, removing constraints on capital transactions and harmonizing market infrastructure. Nevertheless, empirical analysis suggests capital market integration has not deepened during the past few years in the EAC, although convergence of investment returns is taking place to some extent. Learning from the experience of the West African Economic and Monetary Union and the Association of Southeast Asian Nations, EAC countries would benefit from four actions to accelerate financial market integration: (i) further harmonize market infrastructure; (ii) strengthen regional surveillance mechanisms; (iii) encourage local currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional institutions.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292610392 Category : Business & Economics Languages : en Pages : 302
Book Description
Human capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.
Author: Pauline Weetman Publisher: Routledge ISBN: 1351128485 Category : Business & Economics Languages : en Pages : 408
Book Description
As researchers reveal the increasing complexities of accounting practices in emerging economies, there is a growing need for an overview of the topic. The Routledge Companion to Accounting in Emerging Economies is a prestige work offering an introduction to current scholarship in the field, with indications of future directions for enhancing the contribution to knowledge. With regional coverage of key emerging economies such as Brazil, Russia, India and China, the team of contributors analyse issues in accounting in detail, while shedding light on the role of the accounting profession in providing accountability and governance across the developing world. Each chapter is headed up by an internationally recognised author who is a leading expert in designing and implementing research approaches to the topic. Within the team of authors, some are experienced senior contributors while others are developing new avenues of exploration on the basis of high-quality doctoral study. This range of author experience has been deliberately chosen to allow the reader to envisage working in such a team while growing in confidence. This unique reference offers a comprehensive guide to advanced students, academics, practitioners and policy makers on the current state of, and potential developments in, accounting in developing economies globally. This work will be of particular interest to students and researchers looking to identify topics in emerging economies, academics and practitioners seeking convenient access to an unfamiliar area, and established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.
Author: Lawrence Saez Publisher: Routledge ISBN: 1136671099 Category : Political Science Languages : en Pages : 163
Book Description
The text provides a comprehensive introduction to the SAARC, describing the historical developments that lead to its formation, it examines the institutional structure, objectives and effectiveness of the SAARC in its role as South Asia’s leading regional institution. Drawing on original research it offers a fresh and accessible account of SAARC, arguing that South Asia forms a unique regional security complex that enables certain forms of regional cooperation and bars cooperation on other issue areas
Author: Asian Development Bank
Author: Asian Development Bank
Author: Jennifer Romero-Torres
Author: Gagan Deep Sharma
Author: Asian Development Bank
Author: Sultan Hafeez Rahman
Author: Nagesh Kumar
Author: Mr.Masafumi Yabara
Author: Asian Development Bank
Author: Pauline Weetman
Author: Lawrence Saez