Publications [#294314] of Connel Fullenkamp

Journal Articles

1. Chami, R; Fullenkamp, C; Sharma, S, A framework for financial market development, Journal of Economic Policy Reform, vol. 13 no. 2 (June, 2010), pp. 107-135, Informa UK Limited, ISSN 1748-7870 [doi]
   (last updated on 2026/01/18)

   Abstract:
   A framework for examining the process of financial market development is proposed. The framework is anchored in studying the incentives facing the key players in financial markets - borrowers, lenders, liquidity providers, and regulators - whose actions determine whether and how markets develop. While different financial instruments embody different concessions by borrowers and lenders, the framework emphasizes two main compromises: the tradeoffs between maturity and collateral, and between seniority and control in the sequencing of market development. © 2010 Taylor & Francis.