Development of Capital Markets in Member Countries of the South Asian Association for Regional Cooperation


Book Description

This report examines the development and barriers to harmonization and integration among the capital markets of members of the South Asian Association for Regional Cooperation and enumerate steps to achieving harmonization and integration. The globalization 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.







Risk and Return of Equity Markets


Book Description

Formed in 1985, South Asian Association for Regional Cooperation (SAARC) emerges as a significant region in the world in terms of economic and political system. As the flow of capital from all around the world comes into the developing and under-developed economies, SAARC nations are becoming the cynosure for global investors. This leads to an increased interest of the world in the stock markets of SAARC nations. The stock markets of SAARC countries, transforming from low to medium and high growth trajectory, are supposed to yield better rewards than the developed economies' stock markets. While the international investors (institutional as well as individual) are looking for the stock exchanges in the region for diversifying their investments, diversification within the region is also catching the eye of investors and financial analysts. It is with this background that the topic of researching on the risk and return from equity markets of SAARC nations is chosen.




Regional Integration and Economic Development in South Asia


Book Description

South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others.







ADB Publications Catalog 2014


Book Description

This edition compiles books, reports, and guides published by the Asian Development Bank in 2014. These cover topics such as agriculture, food security, education, energy, environment, financial sector, and gender equality. Titles are classified under broad and cross-cutting themes in development and poverty reduction in Asia and the Pacific. Most of these publications may be downloaded for free from the Publications page (www.adb.org/publications). Hard copies of listed titles, including this publications catalog, may be requested or ordered online; or through the Public Information Center at ADB headquarters in Manila. Orders can also be placed through our commercial distributors, booksellers, and copublishers when indicated in the publication's description.







The Routledge Companion to Accounting in Emerging Economies


Book Description

As researchers reveal the increasing complexities of accounting practices in emerging economies, there is a growing need for an overview of the topic. The Routledge Companion to Accounting in Emerging Economies is a prestige work offering an introduction to current scholarship in the field, with indications of future directions for enhancing the contribution to knowledge. With regional coverage of key emerging economies such as Brazil, Russia, India and China, the team of contributors analyse issues in accounting in detail, while shedding light on the role of the accounting profession in providing accountability and governance across the developing world. Each chapter is headed up by an internationally recognised author who is a leading expert in designing and implementing research approaches to the topic. Within the team of authors, some are experienced senior contributors while others are developing new avenues of exploration on the basis of high-quality doctoral study. This range of author experience has been deliberately chosen to allow the reader to envisage working in such a team while growing in confidence. This unique reference offers a comprehensive guide to advanced students, academics, practitioners and policy makers on the current state of, and potential developments in, accounting in developing economies globally. This work will be of particular interest to students and researchers looking to identify topics in emerging economies, academics and practitioners seeking convenient access to an unfamiliar area, and established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.




Capital Market Integration


Book Description

Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic capital markets through a regional approach, removing constraints on capital transactions and harmonizing market infrastructure. Nevertheless, empirical analysis suggests capital market integration has not deepened during the past few years in the EAC, although convergence of investment returns is taking place to some extent. Learning from the experience of the West African Economic and Monetary Union and the Association of Southeast Asian Nations, EAC countries would benefit from four actions to accelerate financial market integration: (i) further harmonize market infrastructure; (ii) strengthen regional surveillance mechanisms; (iii) encourage local currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional institutions.




The South Asian Association for Regional Cooperation (SAARC)


Book Description

The text provides a comprehensive introduction to the SAARC, describing the historical developments that lead to its formation, it examines the institutional structure, objectives and effectiveness of the SAARC in its role as South Asia’s leading regional institution. Drawing on original research it offers a fresh and accessible account of SAARC, arguing that South Asia forms a unique regional security complex that enables certain forms of regional cooperation and bars cooperation on other issue areas