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Capital Market Development in Nepal
Working paper, Research brief
Anita Tuladhar
June 1997 |
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| Financial markets are a catalyst in the development of the country’s economy.As such, developed economies have highly sophisticated financial institutions.Over the past decade or two, many developing economies have established capital markets as they moved towards more liberal economic policies. These emerging markets have shown extraordinary growth with very high volatility,which have attracted many investors into these markets. In 1994, the Government of Nepal established a stock market with the technical assistance of the IRIS Center at the University of Maryland under the USAID sponsored Economic Liberalization Project. This paper looks at the institutional changes and the consequent market behaviour that took place in this process and summarizes the lessons learned and needed policy responses drawn from the post 1992 Nepal experience of capital market development. |
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| Last updated on: 12/21/2006 |
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