Emerging Equity Markets in Middle Eastern Countries
Summary:
Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries.
Series:
Working Paper No. 1994/103
Subject:
Capital markets Emerging and frontier financial markets Financial institutions Financial markets International capital markets Stock markets Stocks
Notes:
Discusses Egypt, Islamic Republic of Iran, Jordan, Morocco, Tunisia, and Turkey. Also published in Staff Papers, Vol. 42, No. 2, June 1995.
English
Publication Date:
September 1, 1994
ISBN/ISSN:
9781451852660/1018-5941
Stock No:
WPIEA1031994
Pages:
52
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