Economics at your fingertips  

Causes of Asset Shortages in Emerging Markets

Patrick Imam and Jiaqian Chen

No 2011/114, IMF Working Papers from International Monetary Fund

Abstract: We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We develop a model that explains how asset shortage develop, and then econometrically estimate the causes of asset shortages. We conclude with policy implications.

Keywords: WP; asset shortage; fixed income; incomplete market; money supply; supply and demand; Emerging Market; Capital Market; Regulation; asset issuance; asset supply; private equity; EM asset class; venture capital; asset shortage problem; asset class; asset shortage Indexit; risk asset class; asset shortage persistence; supply of financial assets; Capital markets; Pension spending; Foreign assets; Stocks; Securities markets; East Asia; Middle East; Global (search for similar items in EconPapers)
Pages: 41
Date: 2011-05-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Page updated 2021-09-21
Handle: RePEc:imf:imfwpa:2011/114