This study focuses on equity, private debt, and asset-backed securities markets in Central America. These markets are generally under-developed throughout the region due to several structural problems, economic and political factors, and weaknesses in regulation and in institutional investor base. The paper identifies key country-specific recommendations to strengthen securities laws, regulatory oversight, market infrastructure, investor base, and new products such as asset-backed securities. Despite these efforts, developing seven viable private capital markets is a difficult goal. The paper thus also explores the benefits and difficulties of creating a single capital market in a region still short of full economic integration.fatigue due to excessively bureaucratic issuance authorization process and at times arbitrary and inconsistent treatment. ... In addition, there have been a few ad-hoc securitizations backed by cash flows, e. g., of auto loan and credit cardanbsp;...
|Title||:||Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic|
|Author||:||Hemant Shah, Mr. Jorge A. Chan-Lau, Mr. Geoffrey J. Bannister, Ana Carvajal, Ivan Guerra|
|Publisher||:||International Monetary Fund - 2007-12-01|