The Capital Market: Normalisation and Development of Financial Intermediaries

Francis A. Lees, James M. Botts and Rubens Cysne
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Francis A. Lees: St John’s University
James M. Botts: Coopers & Lybrand

Chapter 9 in Banking and Financial Deepening in Brazil, 1990, pp 235-278 from Palgrave Macmillan

Abstract: Abstract One can view the development of Brazilian capital markets as encompassing four specific but related developments. In a broad sense all four are tied together, and in various ways contributed to the deepening of the financial markets. These four specific developments include: 1. Normalisation Legislation of 1964–5 Legislation of 1976–7 2. Development of the stock market 3. Promotion of capital market institutions Fiscal incentive funds Pension funds Mutual funds 4. Growth of venture capital activities Debt conversion programme Privatisation programme Encouragement of special venture capital vehicles We discuss items 1 and 3 primarily in this chapter. Item 2 is discussed in the following chapter. In part we have outlined the activities of short-term mutual funds in Chapter 8.

Keywords: Capital Market; Stock Exchange; Mutual Fund; Pension Fund; Audit Committee (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10639-4_9

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DOI: 10.1007/978-1-349-10639-4_9

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