An Introduction to the Microstructure of Emerging Markets
Jack D. Glen
Price: $ 22
IFC Discusssion Paper No. 24.
Investors' interest in emerging markets has grown significantly in recent years because of potential high returns and the benefits of diversification. Despite this increased activity, there remains little information on or research into the trading structures now commonly called market microstructure.
Against the backdrop of these trends, this paper provides an introduction to the microstructure of emerging markets. By providing detailed descriptions of a set of seven markets and an analysis of how microstructure affects market performance, the authors intend to promote discussion on the role of microstructure and to highlight its importance in achieving market success.
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