, Volume 24, Issue 5, pp 220–226 | Cite as

Liberalisation of the capital markets in developing countries

  • Uwe Corsepius
Development Strategy


The domestic capital markets of developing countries are typically subject to serious inefficiencies. This article shows how these inefficiencies can be eliminated without necessarily provoking an adjustment crisis and indicates the measures on which emphasis must be placed in the context of structural adjustment assistance in order to mobilise a large volume of savings and achieve a better allocation of resources.


Interest Rate Capital Market Foreign Trade Real Interest Rate Nominal Interest Rate 
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Copyright information

© HWWA and Springer-Verlag 1989

Authors and Affiliations

  • Uwe Corsepius
    • 1
  1. 1.Institut für WeltwirtschaftKielWest Germany

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