Asian equity markets: growth, opportunities, and challenges
Charles Kramer and
Andreas Jobst ()
Macroeconomics and Finance in Emerging Market Economies, 2008, vol. 1, issue 2, 227-248
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 requimacfemnts for dealing with these risks.
Keywords: equity markets; Asian financial markets; financial integration; financial stability; international capital markets (search for similar items in EconPapers)
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Working Paper: Asian Equity Markets: Growth, Opportunities, and Challenges (2006)
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