(DOWNLOAD) "IMF Policy Discussion Paper" by Manmohan S. Kumar & Robert Alan Feldman # eBook PDF Kindle ePub Free

eBook details

Title: IMF Policy Discussion Paper
Author : Manmohan S. Kumar & Robert Alan Feldman
Release Date : January 01, 1994
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 2117 KB

Description

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.