00000cam a22000004a 4500 UP-99796217611745222 Buklod 20150903160442.0 aa r ||| u ta 150903s1999 xx d r |||| u| (iLib)UPD-00248707779 DECON eng HG 3881 I586 no.39 Aylward, Anthony H. Primary securities markets [electronic resource] Cross country findings. Washington, D.C. World Bank 1999. ix, 37 p.) ill. Discussion paper / International Finance Corporation no. 39 Annotation IFC Discussion Paper No. 39. During the period 1980-95, the level of activity increased dramatically for funds raised domestically via issues of debt and equity securities in public capital markets in 32 countries. There were also substantial differences in the level of activity across markets and countries. This paper examines aggregate domestic primary capital market activity in a cross section of countries, including 24 emerging markets. It defines exactly how important a role financial markets have played in raising capital for investment. In this pioneering work, the authors compile aggregate data on primary market activity for a recent period of time, which allows them to quantify the size of the markets and how they have evolved over time. Through their analysis, the authors document the rapidly increasing importance of primary capital markets in many developing countries, where, relative to GDP, these markets now source as much private capital as their developed country counterpart. Capital market. Glen, Jack D. 1953-. FO Monograph UPD DECON HG 3881 I586 no.39 Book