Most capital markets that have been established in developing economies like Africa have struggled to make progress over two decades down the line. Development of African Capital Markets explores why these markets have remained underdeveloped and discusses a possible development theory that can be used in designing and implementing legal and institutional reforms to reinvigorate capital markets in African and other developing countries.
Boniface Chimpango analyses the weaknesses of capital markets in developing countries, and argues that legal and institutional framework for capital markets in developing countries should be tailored to the unique informal rules prevalent in each country rather than being transplanted from developed countries.
This book will be of interest to scholars, students and policy makers in the fields of economic development, African Studies, law, development and regulatory policy.
| ISBN: | 9780367884321 |
| Publication date: | 12th December 2019 |
| Author: | Boniface Chimpango |
| Publisher: | Routledge an imprint of Taylor & Francis |
| Format: | Paperback |
| Pagination: | 244 pages |
| Series: | Routledge Contemporary Africa |
| Genres: |
Development economics and emerging economies Investment and securities Regional geography Political economy Regional / International studies Development studies Politics and government Jurisprudence and general issues International law |