Book of Donmon Teith

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p

The impact of capital market development on economic growth is a subject of a controversial discussion in the financial literature. Many economists argue that w

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However,

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Base

The book, the first time, critically evaluates the evolution of both equity and securities markets in transition economies.