The book, the first time, critically evaluates the evolution of both equity and securities markets in transition economies.

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Base

'This collection provides an excellent account of the diverging ways countries in varying parts of the world went about liberalizing capital flows. Case studies

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p