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.
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