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From standardized contracts for loans, repurchase agreements, and derivatives, to stock exchanges and alternative trading platforms, to benchmark interest and foreign exchange rates, private market structures play a number of important roles within modern financial markets. These market...
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Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is …
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This paper evaluates the impact of privatization on the development of capital markets in a two-country general … systems) and voucher privatizations (in transition economies). It is shown how these two privatization methods can have an … international asset allocation strategies. We show that even a non-marketed privatization (free distribution of public assets to …
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