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Causes of Asset Shortages in Emerging Markets

We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We develop a model that explains how asset shortage develop, and then econometrically estim...

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Bibliographic Details
Main Author: Chen, Jiaqian
Other Authors: Imam, Patrick
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Institutional Investors
Investments, Foreign
Investment
Stocks
Pension Funds
Money And Interest Rates: General
Pension Spending
Finance
Social Security And Public Pensions
Financial Institutions
Capital Markets
Financial Instruments
Capital Market
External Position
Long-term Capital Movements
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
Intangible Capital
International Economics
Foreign Assets
Expenditure
Non-bank Financial Institutions
Financial Markets
Investments: Stocks
Pensions
Capacity
Investment & Securities
Capital
Public Finance
Finance: General
International Investment
Securities Markets
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We develop a model that explains how asset shortage develop, and then econometrically estimate the causes of asset shortages. We conclude with policy implications
Physical Description:41 pages
ISBN:9781455262373

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