Regional Integration of Stock Exchanges in Eastern and Southern Africa : Progress and Prospects

Author/Editor:

Jacqueline T Irving

Publication Date:

June 1, 2005

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the right pace and in a pragmatic way, could improve the liquidity, efficiency, and competitiveness of these exchanges. Further progress in developing national financial markets must precede any actual moves to integrate securities markets. These exchanges could meanwhile benefit from closer cooperation, including by encouraging more crossborder listings and information/technology sharing.

Series:

Working Paper No. 05/122

Subject:

English

Publication Date:

June 1, 2005

ISBN/ISSN:

9781451861419/1018-5941

Stock No:

WPIEA2005122

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

41

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