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Primary securities markets - cross country findings (英语)

The paper examines aggregate primary capital market activity in a cross section of emerging market, and developed countries. The authors analyze data on the value of funds raised domestically via issues of debt, and equity securities in public capital markets in thirty two countries over the period 1980-95. There was a dramatic increase in the level of activity over that time, as well as substantial differences in the level of activity across markets...
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