Stock Market Liquidity in Chile
Brandao-Marques, Luis, Mr.
ISBN: | 9781475554779 |
Publisher: | INTERNATIONAL MONETARY FUND |
Published: | 1 November, 2016 |
Format: | ePub |
Stock Market Liquidity in Chile
Brandao-Marques, Luis, Mr.
Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 3½ percent more as cost of equity. Corporate governance should be improved, namely through the
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