On capital markets in emerging markets."Reasonably well-developed well-developed adj [arm, muscle etc] → bien desarrollado; [sense] → agudo, fino well-developed adj [girl 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 One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. , 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 to about $230 billion as of mid- mid- pref. Middle: midbrain. 2006. The stock of domestic securities in emerging market economies has increased, by some estimates, from about 25 percent of GDP GDP (guanosine diphosphate): see guanine. to about 40 percent between 1996 and 2006." --Speech by John Lipsky, International Monetary Fund, May 10 |
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