Increasing efficiency of financial markets


  • Requiring efficient financial markets
  • Recognizing imperfections of capital markets
  • Reducing imperfections of capital markets

Context

International financial markets now comprise a tight web of transactions involving securities trading, arbitrage in multiple markets and currencies, portfolio investments through a complex array of international funds, and massive transborder capital movements.

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities.


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