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Push and pull : emerging risks in frontier economy access to international capital markets (English)

Over the past decade, a large number of low- and lower-middle income ‘frontier economies’ have begun to access international private capital markets to meet fiscal financing needs. In this paper we seek to identify drivers of this trend, identify associated risks, and present policy implications for frontier-market policy-makers. Through simple analysis of the characteristics of recent frontier market issuers, we show that smaller, poorer, and less...
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Haque,Tobias Akhtar; Bogoev,Jane; Smith,Greg.

Push and pull : emerging risks in frontier economy access to international capital markets (English). Discussion paper no. 17|Macroeconomics and Fiscal Management (MFM) Global Practice Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/448611487936936412

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