Who is to blame for the non-existence of a stock market?

An analysis suggests that the lack of a stock market is not the fault of businesses or investors, but of the system.

Monday, February 16, 2009

In his blog in Elfinancierocr.com, Allan Rodriguez, Founding Member and General Manager of Group CFS, analyzes in two successive posts how much costs are implied by the productive economy not having a stock market from which to obtain financing as several causes of the problem.

The analysis itself focused on the conditions of Costa Rica, but it can be extrapolated to other countries of the region.

More on this topic

A Securities Law for Guatemala

February 2014

A bill prepared by the Bank of Guatemala aims to stimulate the domestic market and strengthen it as a regional financial center.

The proposal is to dematerialize securities through book entries and stock market operations which are totally electronic.

"...The proposal assigns responsibility of Supervision to the Superintendency of Banks (SIB), in conjunction with the Monetary Board."

Financing Works Through the Stock Exchange

November 2013

The Stock Exchange of El Salvador promotes investment in stocks and bonds and there is a noteworthy rise in trusts to finance large infrastructure projects.

The Stock Exchange of El Salvador (BVES) carried out a campaign to promote the tools that allow participation in that market.

Costa Rica Seeks to Activate Stock Market

November 2010

A group of executives of financial institutions are working with the Central Bank in search of solutions to the stock market stagnant growth.

As outlined in the article in Elfinancierocr.com, "The team is made up of José Rafael Brenes, director of the BNV, Roberto Venegas, financial advisor and ex manager of the Stock Exchange, Lanzo Luconi, president of the National Investment Fund Company , Jose Adrian Vargas, National Treasurer, Thomas Allen, chief financial officer of Florida Ice & Farm, Lucia Fernandez, manager of IBP Pensions and Frederick Ruzicka, Mutual Valores stockbroker."

Stock Markets are Essential

September 2010

Stock exchanges strengthen capital markets and encourage countries' financial and economic development.

Daniel Choto, writing for Elsalvador.com, reports statements from the general manager of the Salvadoran stock exchange (BVES in Spanish), Javier Mayora, as well as from its president Rolando Duarte.

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