{
  "title": "Emerging Equity Markets: Growth, Benefits, and Policy Concerns",
  "publication": "IMF Policy Discussion Papers, March 1, 1994",
  "sourceUrl": "https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/emerging-equity-markets-growth-benefits-and-policy-concerns-1487",
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  "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.",
  "sections": [
    {
      "heading": "Main characteristics and evolution",
      "content": "- Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries.\n- The paper examines the main characteristics of emerging stock markets and illustrates the evolution of equity prices in these markets over the last decade."
    },
    {
      "heading": "Drivers of growth",
      "content": "- The paper discusses the reasons for the markets’ growth.\n- It assesses the extent to which domestic policies, as well as external factors, have played a role in the expansion of emerging equity markets."
    },
    {
      "heading": "Benefits and macroeconomic risks",
      "content": "- The paper discusses the likely benefits of emerging equity markets for economies.\n- It analyzes the effects which any abrupt correction in stock prices could have for the economy."
    },
    {
      "heading": "Market efficiency and policy implications",
      "content": "- The paper outlines ways in which these markets can be made more efficient.\n- Issues addressed include market liquidity, market manipulation, market efficiency, and accounting standards as they relate to emerging equity markets."
    },
    {
      "heading": "Key descriptive metadata (as presented on the page)",
      "content": "- Authors: Manmohan S. Kumar, Robert A. Feldman\n- Publication date: March 1, 1994\n- Series: IMF Policy Discussion Papers\n- Summary length focus: 34 pages\n- Series/Issue: Policy Discussion Paper No. 1994/007\n\nManmohan S. Kumar and Robert A. Feldman, March 1, 1994.\n\n---\n\n\nSource: https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/emerging-equity-markets-growth-benefits-and-policy-concerns-1487"
    }
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    "Authors: Manmohan S. Kumar, Robert A Feldman",
    "Published: March 1, 1994",
    "Series: IMF Policy Discussion Papers",
    "DOI: https://doi.org/10.5089/9781451971217.003",
    "Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries.",
    "The paper examines the main characteristics of emerging stock markets and illustrates the evolution of equity prices in these markets over the last decade.",
    "The paper discusses the reasons for the markets’ growth.",
    "It assesses the extent to which domestic policies, as well as external factors, have played a role in the expansion of emerging equity markets.",
    "The paper discusses the likely benefits of emerging equity markets for economies.",
    "It analyzes the effects which any abrupt correction in stock prices could have for the economy.",
    "The paper outlines ways in which these markets can be made more efficient.",
    "Issues addressed include market liquidity, market manipulation, market efficiency, and accounting standards as they relate to emerging equity markets.",
    "Authors: Manmohan S. Kumar, Robert A. Feldman",
    "Publication date: March 1, 1994",
    "Series: IMF Policy Discussion Papers",
    "Summary length focus: 34 pages",
    "Series/Issue: Policy Discussion Paper No. 1994/007"
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