Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Policy Development and Review Department.
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| ISBN: | 1283562847
9781283562843
1451899394
9781451899399
1462323685
9781462323685
1452760322
9781452760322
9786613875297
6613875295
9781451941616
1451941617
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| Notes: | Includes bibliographical references (pages 43-44).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper analyzes the general relationship between stock prices and macroeconomic variables in Zimbabwe, and examines how well macroeconomic variables explain recent movements in stock prices. Two consecutive excellent harvests and large inflows of foreign capital have boosted the Zimbabwe Stock Exchange (ZSE) since 1995, which now has become the second biggest market in Africa after the Johannesburg Stock Exchange. However, market liberalization policies seem to have changed the arbitrage relationship between stock returns and returns on other assets and goods, and sharp increases in stock prices in 1996 have caused some concern among foreign investors.
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| Other form: | Print version: Oyama, T. (Tsuyoshi). Determinants of stock prices. [Washington, D.C.] : International Monetary Fund, Policy Development and Review Dept., ©1997
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| Standard no.: | 10.5089/9781451899399.001
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