On capital markets in emerging markets.

• Author: Rees, Matthew
• Position: Emerging Markets - Brief article

"Reasonably well-developed capital markets are now in place in many emerging economies. Indeed, the stock of domestically issued bonds in emerging market countries amounts to about $3.9 trillion, making it an important global asset class. A striking sign of improvement, I think, is that international investors are increasingly purchasing securities denominated in local currency. Dedicated emerging market U.S. mutual funds have grown ten-fold since 2000...