## Emerging Equity Markets: Growth, Benefits, and Policy Concerns

_IMF Policy Discussion Papers, March 1, 1994_

## Source details

**Canonical URL:** [Emerging Equity Markets: Growth, Benefits, and Policy Concerns](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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## Bibliographic details
- Authors: Manmohan S. Kumar, Robert A Feldman
- Published: March 1, 1994
- Series: IMF Policy Discussion Papers
- DOI: https://doi.org/10.5089/9781451971217.003

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### Main characteristics and evolution
- 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.

### Drivers of growth
- 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.

### Benefits and macroeconomic risks
- 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.

### Market efficiency and policy implications
- 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.

### Key descriptive metadata (as presented on the page)
- 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

*Manmohan S. Kumar and Robert A. Feldman, March 1, 1994.*

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_Source: https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/emerging-equity-markets-growth-benefits-and-policy-concerns-1487_