Multiple Listings and the Setting Up of a Regional Stock Exchange as Means to Stimulating Increased Liquidity on Stock Markets in Eastern and Southern Africa PDF Download
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Author: Kenneth Kaoma Mwenda
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 50
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Book Description
Author: Kenneth Kaoma Mwenda
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 50
Get Book Here
Book Description
Author: Kenneth Kaoma Mwenda
Publisher: Universal-Publishers
ISBN: 1581124015
Category : Business & Economics
Languages : en
Pages : 124
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Book Description
This book looks at contemporary issues facing financial markets in Eastern and Southern Africa. The book addresses strategies for capital market integration and development on a region-wide basis. An argument is made that the establishment of a regional stock exchange and the promotion of multiple listings and cross-border trade in securities would stimulate increased liquidity on national stock exchanges in Eastern and Southern Africa. Lessons of experience are drawn from other regions and a case is made against transplanting models of a regional stock exchange from one region to another. The book argues that African countries may, however, use lessons of experience from other regions as points of reference, while pursuing their own discourse of self-determination. Each case is unique and is thus surrounded by different variables. The book covers developments in regions such as the European Union, francophone West Africa and Eastern and Southern Africa. Indeed, an international and comparative perspective is provided.
Author: Dr Mathurin C Houngnikpo
Publisher: Ashgate Publishing, Ltd.
ISBN: 1409462846
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
The debates over what African economic integration and development actually entails continue across international economic organizations, national governments and NGOs. Despite the glare of media attention and the position this issue has on international political agendas, few comprehensive accounts exist that fully examine why this process will be inevitable in the 21st century and how integration of national economies can be attuned to attaining the socio-economic goals and aspirations of member-countries. This book addresses this problem. It combines theory with application, enumerating the imperatives and initiatives governments will be forced to confront; providing insights for educators and students in African development, for policy makers in African governments, and for inter-governmental organizations.
Author: Kenneth Kaoma Mwenda
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 184
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Book Description
Author:
Publisher:
ISBN:
Category : Law reviews
Languages : en
Pages : 600
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Book Description
Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821365444
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: El-hadj M. Bah
Publisher: Springer
ISBN: 1137597925
Category : Business & Economics
Languages : en
Pages : 285
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Book Description
This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost housing alternatives. Through detailed analysis, the authors investigate the political economy surrounding the continent’s housing market and the constraints that behind-the-scenes policy makers need to address in their attempts to provide affordable housing for the majority in need. With Africa’s urban population growing rapidly, this study highlights how broad demographic shifts and rapid urbanization are placing enormous pressure on the limited infrastructure in many cities and stretching the economic and social fabric of municipalities to their breaking point. But beyond providing a snapshot of the present conditions of the African housing market, the book offers recommendations and actionable measures for policy makers and other stakeholders on how best to provide affordable housing and alleviate Africa’s housing deficit. This work will be of particular interest to practitioners, non-governmental organizations, private sector actors, students and researchers of economic policy, international development, and urban development.
Author:
Publisher: UN
ISBN:
Category : Business & Economics
Languages : en
Pages : 166
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Book Description
The fifth of the series (ARIA/V) has come at a time of renewed enthusiasm for shortening the period of the vision of the Abuja Treaty. Its overall objective is to provide an analytical research publication that defines frameworks for African Governments, the African Union and the Regional Economic Communities, towards accelerating the establishment of the African Common Market through: the speedy removal of all tariff and non-tariff barriers, obstacles to free movement of people, investments and factors of production in general across Africa, and through fast-tracking the creation of an African continental Free Trade Area
Author: Senthil Kumar Muthusamy
Publisher:
ISBN:
Category :
Languages : en
Pages : 3
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Book Description
The objective of this manuscript is to present the arguments in favor of mini regional exchanges facilitating the trading of stocks for local and regional businesses. The mini stock exchange model proposed is not the replication of major national exchanges listing the same set of firms listed elsewhere; rather it is an attempt to extend the financial capital markets to local, small and regional firms in the respective geographic regions. The proposal is based on the following premises. First, mini regional exchanges will enable the availability of financial resources and capital to the multitude of small and medium scale businesses that would be at a disadvantage compared to large, national and global enterprises that are listed in major national stock exchanges. Second, the mini exchanges can mitigate, as typical stock exchange would do, the risk of investment in businesses by spreading and distributing the risk and ownership of the major portion of national industrial assets, and in turn contribute substantially to the growth of millions of young entrepreneurial ventures and the larger economy. Third, Mini stock exchanges decentralize the asset structure of national economies, and localize the control and rewards, and can enhance the distribution of economic gains to larger section of the economy. Fourth, by decentralizing and localizing the stock exchange, regional and locally located small and medium scale would be availed with opportunity to raise funds and grow without relying only on debt financing from banking sector. Fifth, mini regional stock exchanges would greatly reduce information asymmetry - a phenomena that substantially contribute to the risk factor for investors - and facilitate a large number and portion of investors to participate in mechanisms such as Board of directors. Sixth, more importantly, large national markets are receiving enormous flow of surplus capital to the extent of oversubscribing the stocks of popular and large firms, increasing their demand, widening the price-earnings ratio and in turn increasing the investment risk to individual investors and economic hazards to national economies.
