Napoleon, Bourses, and Growth in Latin America

Ross Levine (rosslevine@stanford.edu)

No 6093, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: The value of equity market transactions in emerging economies soared from about 2 percent of the world total in 1986 to 12 percent in 1996. This boom was accompanied by an explosion of international capital flows, especially flows into developing country stock markets. Moreover, while equity flows were a negligible part of capital flows to emerging markets a decade ago, equity flows now represent about 20 percent of private capital flows to developing nations.

Keywords: liquidity; volatility; WP-365; stock market development (search for similar items in EconPapers)
Date: 1997-10
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Working Paper: Napoleon, Bourses, and Growth in Latin America (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:6093

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