Institutionelle Reformen in heranreifenden Kapitalmärkten: Der brasilianische Aktienmarkt
Eine institutionenökonomische Analyse zu Internationalen Standards, Regulierung und Selbstregulierung
[Institutional Reform of Maturing Capital Markets: The Brazilian Novo Mercado. An institutional economic analysis of international standards, regulation, and self-regulation]
Aims and Scope
The impressive development of the Brazilian stock market over the past few years is reason enough to reflect on such a fundamental economic and regulatory topic by means of a country study. Which macroeconomic factors, institutional changes, and party interaction (market players and government) have to come together in order to successfully reform a national capital market in the age of globalization? Various regulatory techniques and institutional arrangements are examined in the scope of a comparative analysis of institutions.