Monitoring and Evaluating Social Programs in Developing Countries A Handbook for Policymakers, Managers, and Researchers

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.Valadez, Joseph is the author of 'Monitoring and Evaluating Social Programs in Developing Countries A Handbook for Policymakers, Managers, and Researchers', published 1994 under ISBN 9780821329894 and ISBN 0821329898.