degrees of progress made in key areas such as establishing pricing benchmarks, adopting, implementing and enforcing securities …

issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater …

The roles of banks and securities markets evolve during the process of economic development. As countries develop … economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association … increase in economic output and an increase in securities market development becomes larger. These findings are consistent with …

backed securities (MBS) to act as liquidity providers within secondary mortgage markets is beneficial for MBS prices and … increase in the systematic risk of mortgage backed securities …In this paper, I find a charter which allows Government Sponsored Enterprises (Fannie Mae) that guarantee mortgage …