Development of Capital Markets in Member Countries of the South Asian Association for Regional Cooperation
Romero-Torres, Jennifer; Wells, Stephen; Selwyn-Khan, Susan | October 2013
Abstract
The globalisation of capital markets has encouraged moves toward regional harmonization
and integration. This report examines and compares the level of development of capital
markets in the South Asian region, assesses the prospects for greater harmonization and
integration, and proposes a set of measures to move that process forward. The study of the
markets shows wide variations not only in market size but also in the standards of regulation
and general development.
The level of integration and harmonization of South Asian capital markets is low. There
are major barriers including exchange controls, ownership restrictions, and differences in
regulatory standards and enforcement capacity. The proposals address some of these barriers
and include measures to promote awareness, stimulate innovation, raise regulatory standards,
and champion the value of integration.
Citation
Romero-Torres, Jennifer; Wells, Stephen; Selwyn-Khan, Susan. 2013. Development of Capital Markets in Member Countries of the South Asian Association for Regional Cooperation. © Asian Development Bank. http://hdl.handle.net/11540/808. License: CC BY 3.0 IGO.PDF ISBN
978-92-9254-279-5
Print ISBN
978-92-9254-278-8
Keywords
Development Economics
Regional Economic Development
Economic Impact
Development
Economic Boom
Regional Economic Integration
Good Governance
Governance Approach
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Institutional Framework
Public Administration
Business Ethics
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West trade
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Citable URI
http://hdl.handle.net/11540/808Metadata
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