After a prolonged and almost total reliance on debt restructurings and concerted money facilities, several Latin American countries have mobilized voluntary financing from international capital markets. Although the phenomenon is still limited in terms of volume and number of borrowers, it has...

Within a broad framework for analyzing portfolio flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these...