Asian Equity Markets: Growth, Opportunities, and Challenges

Charles Kramer, Catriona Purfield, Hiroko Oura and Andreas Jobst ()

No 2006/266, IMF Working Papers from International Monetary Fund

Abstract: Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural improvements to markets. The development of equity markets provides a more diversified set of channels for financial intermediation to support growth, thus bolstering medium-term financial stability. At the same time, as highlighted by the May-June 2006 market corrections, the increasing role of stock markets potentially changes the nature of macroeconomic and financial stability risks, as well as the policy requirements for dealing with these risks.

Keywords: WP; market; Singapore; U.S. dollar; Equity markets; Asian financial markets; financial integration; financial stability; international capital markets; market integration; cash market activity; market liquidity; Hong Kong SAR market; market infrastructure; equity price; market openness; asset price fluctuation; market development; market liberalization; market downturn; market reaction; Stock markets; Stocks; Emerging and frontier financial markets; Asset prices; Mutual funds; Asia and Pacific; Global; Africa; Middle East (search for similar items in EconPapers)
Pages: 39
Date: 2006-12-01
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Citations: View citations in EconPapers (11)

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Journal Article: Asian equity markets: growth, opportunities, and challenges (2008)
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