Crises, Defaults and Controls Essay Example | Topics and Well Written Essays - 1250 words

Crises, Defaults and Controls - Essay ExampleDiscussions in previous chapters to this paper stop the sorry state of affairs with regard to the reforms made and the results gained and also in relation to other markets. thither had been insignificant growth in domestic capital markets of various economies from early 1990s in comparing to that in industrialized economies. Some economies actually experienced deterioration in their capital markets. There has been a decrease in liquidity and listing in capital markets of many developing countries as firms cross-list and wage hike capital in financial centres internationally such as in London and New York. line of products markets remain segmented and highly illiquid, with capitalization and trading focused on few stocks. This chapter focuses on the more(prenominal) normative and puzzling part of the observation, which is motivating. This happens to be the question what should be done on the reform agendum on capital markets going for ward?To get the answers to this question, the study looks into what went wrong with all the reforms made onward trying to look at what occupys to be done moving forward. Three typological views are presented that overlook light into perspectives that lead to different diagnoses plus policy recommendations. These views have messages summarized as (a) Get the right date (b) Observe patience and redouble effort and (c) Revisit fundamental issues and look into expectationsObserve patience and redouble effort. This view provides that important elements of the reform package for capital markets are well known. According to this view, (a) Reforms are need to improve an enabling environment for the capital markets. (b) The reforms should have measures in place for efficiency enhancement and develop in the market through completion. (c) Reforms in some areas have the important complementary role. (d) There is need for more specialized and technical reforms for enhancing capital market integrity and transparency. It is further noted that many of the