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Capital Markets Development : A Primer for Policymakers (Английский)

The COVID-19 pandemic adds further challenges to the development of capital markets. For many emerging markets and developing economies challenges have intensified because of (i) the deterioration in the macroeconomic environment, including the contraction of the economies, and larger fiscal deficits, (ii) reduced investor appetite due to uncertainty, and (iii) the nature and scale of the interventions used by governments to support the economy which...
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