Policy and Institutional Considerations in Equity Market Development

摘要

The purpose of the study is to provide the Agency for International Development (A.I.D.) with a conceptual framework for evaluating capital and equity market development activities in host countries to determine if, and how, A.I.D. should assist these activities within the broader context of financial market development. Because not all countries exhibit the same types of problems and the significance of these issues may differ among different countries, a major objective of the study is to identify the broad range of issues that A.I.D. should consider in seeking solutions to the problems that confront countries in their attempts to increase the availability of capital through the equity market.