Emerging Equity Markets : Growth, Benefits, and Policy Concerns

Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries. This paper first examines the main characteristics of the emerging stock markets, and illustrates the evolution of equity prices in these markets over the last decade. It then discu...

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Main Author: Kumar, Manmohan S.
Other Authors: Feldman, Robert Alan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994, 1994
Series:IMF Policy Discussion Papers; Papers on Policy Analysis and Assessment
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries. This paper first examines the main characteristics of the emerging stock markets, and illustrates the evolution of equity prices in these markets over the last decade. It then discusses the reasons for the markets' growth and assesses the extent to which domestic policies, as well as external factors, have played a role. This is followed by a discussion of the likely benefits of these markets; the effects which any abrupt correction in stock prices could have for the economy; and the ways in which these markets can be made more efficient
Physical Description:34 p.
ISBN:9781451971217
1451971214