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Author: OECD
Publisher: OECD Publishing
Published: 2022-06-27
Total Pages: 152
ISBN-13: 9264569618
DOWNLOAD EBOOKThis publication provides a comprehensive overview of capital markets in Romania, focusing on conditions for stock market listing, secondary stock market liquidity, growth markets, modalities for household savings, institutional investors and market-based debt financing.
Author: Augusto de la Torre
Publisher: World Bank Publications
Published: 2006-10-20
Total Pages: 232
ISBN-13: 0821365444
DOWNLOAD EBOOKBack 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: OECD
Publisher: OECD Publishing
Published: 2023-01-27
Total Pages: 148
ISBN-13: 9264497676
DOWNLOAD EBOOKThe Romanian government has undertaken important legal and institutional changes over the past decade to improve the governance and performance of its state-owned enterprises (SOEs), yet significant implementation shortcomings persist. This review describes and assesses the corporate governance framework of the Romanian SOE sector against the OECD Guidelines on Corporate Governance of State-Owned Enterprises.
Author: OECD
Publisher: OECD Publishing
Published: 2024-03-12
Total Pages: 147
ISBN-13: 9264519459
DOWNLOAD EBOOKRomania’s Recovery and Resilience Plan is helping drive reform while also channeling support to vulnerable people. More policy focus is needed on addressing Romania’s disparate socio-economic outcomes and to lift employment among groups underrepresented in formal work, including women. Faster progress is also required to decarbonise the economy by 2050.
Author: OECD
Publisher: OECD Publishing
Published: 2023-06-27
Total Pages: 74
ISBN-13: 9264611126
DOWNLOAD EBOOKThis report assesses Romania’s efforts to strengthen its integrity and anti-corruption system. It looks at the achievements of the 2021-2025 National Anticorruption Strategy (NAS) as well as the challenges that remain, including addressing structural issues such as political engagement, the role and placement of ethics offices and the design and review of integrity plans.
Author: OECD
Publisher: OECD Publishing
Published: 2024-03-12
Total Pages: 85
ISBN-13: 9264647295
DOWNLOAD EBOOKThis report presents a comprehensive analysis of the use and structure of corporate bond markets in Asia.
Author: Ramin Shojai
Publisher: World Bank Publications
Published: 2005
Total Pages: 112
ISBN-13: 9780821360156
DOWNLOAD EBOOKAuthor: OECD
Publisher: OECD Publishing
Published: 2024-04-25
Total Pages: 141
ISBN-13: 9264547827
DOWNLOAD EBOOKRussia’s war of aggression against Ukraine has led to higher energy prices and disruptions in trade and supply chains, weighing on economic growth. Economic convergence had already slowed down before the pandemic, calling for accelerating structural reforms. Rising spending pressures related to defence, internal security, health and old age poverty need to be addressed by raising spending efficiency and tax revenue, while the tax burden should be shifted from labour towards other income, property, and environmental taxes. Continuing to improve the capacity of the public sector, fostering investment and innovation and addressing skilled labour shortages are key for raising potential growth. Low credit supply is a main factor for weak investment and should be tackled by fostering competition and deepening capital markets. High informality, which hinders access to finance and distorts the level playing field, should be addressed by reducing labour taxes for low-wage earners, improving tax enforcement and continuing to fight corruption. Strengthening the power of the Competition Council to enforce competitive neutrality of state-owned enterprises and challenge regulation that restricts competition would help to foster business dynamism and innovation. Addressing skilled labour shortages will require facilitating skilled migration and investing more in human capital. SPECIAL FEATURE: RAISING INVESTMENT TO SUPPORT GROWTH
Author: Oecd
Publisher: Org. for Economic Cooperation & Development
Published: 2022-06-23
Total Pages: 0
ISBN-13: 9789264438033
DOWNLOAD EBOOKThis publication provides a comprehensive overview of capital markets in Romania, focusing on conditions for stock market listing, secondary stock market liquidity, growth markets, modalities for household savings, institutional investors and market-based debt financing. It underlines potential areas for reform and suggests policy actions that could help Romanian authorities improve the legal, regulatory and institutional framework for capital markets and ultimately prepare a national capital market strategy.
Author: Mr.Luc Laeven
Publisher: International Monetary Fund
Published: 2014-12-19
Total Pages: 25
ISBN-13: 1498372201
DOWNLOAD EBOOKCapital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop local capital markets have had mixed success. This paper reviews the literature on the benefits and costs of developing local capital markets, and describes the challenges faced in the development of such markets. The paper concludes with a set of policy recommendations emerging from this literature.
