Overview
This book examines the links between the emergence of privatization as an important development policy in emerging markets and the rapid growth of equity markets in these same countries. Various authors discuss privatization providing critical mass to kick-start new stock markets; privatization supplying investment opportunities that deepen existing stock markets; privatization often receiving a crucial boost from telecommunications; and privatization generating new and broader types of investor participation. The book considers important market instruments and institutions - depository receipts, privatization bonds, emerging market investment funds, and pension funds - and their contribution to privatization and emerging stock market development.Synopsis
This book examines the links between the emergence of privatization as an important development policy in emerging markets and the rapid growth of equity markets in these same countries. Various authors discuss privatization providing critical mass to kick-start new stock markets; privatization supplying investment opportunities that deepen existing stock markets; privatization often receiving a crucial boost from telecommunications; and privatization generating new and broader types of investor participation. The book considers important market instruments and institutions - depository receipts, privatization bonds, emerging market investment funds, and pension funds - and their contribution to privatization and emerging stock market development.