Emerging Equity Markets: Growth, Benefits, and Policy Concerns

March 1, 1994

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Format: Chicago

Manmohan S. Kumar, and Robert A Feldman. Emerging Equity Markets: Growth, Benefits, and Policy Concerns, (USA: International Monetary Fund, 1994) accessed September 19, 2024

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.

Subject: Accounting standards, Asset prices, Emerging and frontier financial markets, Financial institutions, Financial markets, Prices, Public financial management (PFM), Stock markets, Stocks

Keywords: Accounting standards, Adverse selection, Africa, Asset prices, East Asia, Emerging and frontier financial markets, Equity price, Market, Market capitalization, Market efficiency, Market liquidity, Market manipulation, Middle East, PDP, South Asia, Stock markets, Stocks

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 1994/007
Stock No:

PPIEA0071994
ISBN:

9781451971217
ISSN:

1564-5193

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