Emerging Equity Markets in Middle Eastern Countries

Mohamed A. El-Erian and Manmohan S. Kumar
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Mohamed A. El-Erian: International Monetary Fund
Manmohan S. Kumar: International Monetary Fund

IMF Staff Papers, 1995, vol. 42, issue 2, 313-343

Abstract: Within a broad framework for analyzing portfolio flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries while minimizing associated risks.

JEL-codes: G14 G15 P52 (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:42:y:1995:i:2:p:313-343

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