Abstract
The notion that topics related to the infrastructure of an equity market are best delegated to the global custodian or the compliance department associated with an asset manager could not be more ill-perceived in pre-emerging markets. Both, the emerging market portfolio manager and the policy maker on the ground, should find ample utility in understanding the progress of equity market infrastructure developments. The extent of development in the equity market infrastructure translates directly into the degree of informational and operational efficiency. The hallmark of operational efficiency are smooth trading, clearing, settlement, and custody systems.
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© 1999 Kluwer Academic Publishers
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(1999). Frontier Emerging Equity Market Infrastructure. In: Frontier Emerging Equity Markets Securities Price Behavior and Valuation. Springer, Boston, MA. https://doi.org/10.1007/978-0-585-30811-1_3
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DOI: https://doi.org/10.1007/978-0-585-30811-1_3
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-7923-8585-1
Online ISBN: 978-0-585-30811-1
eBook Packages: Springer Book Archive