A Regional Platform for Trading Southeast Asian Equities: Viable Option or 'Red Herring'?
Nick Freeman
Journal of the Asia Pacific Economy, 2001, vol. 6, issue 3, 335-359
Abstract:
With the exception of a relatively brief rally during late 1998 and early 1999, Southeast Asia's five main equity markets have not performed well since the onset of the financial crisis in mid-1997. This paper identifies some of the reasons attributable for this relatively poor performance, and discusses one proposed solution - creating a region-wide platform for the trading of Southeast Asian equities. In particular, the paper assesses what such a regional platform would look like, its feasibility and whether it could help overcome the problems that currently face the Southeast Asian equity markets. The conclusion is that while such a regional platform may be of some utility, it may not be sufficient in itself to revive the fortunes of the region's equity markets. A fundamental corporate restructuring and recovery process across Southeast Asia's business landscape remains the main prerequisite for sustained improvement in the performances of the region's lacklustre equity markets.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:6:y:2001:i:3:p:335-359
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DOI: 10.1080/13547860120097386
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