Series: IMF Working Papers
Author(s): Ralph Chami , Sunil Sharma , and Connel Fullenkamp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2009
Keywords: Financial market development, contracts, borrowers, lenders, liquidity providers, regulators, New Institutional Economics, bonds, cash flows, bond
The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing...