The determinants of stock market development in emerging economies : is South Africa different? /
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| Author / Creator: | Amo-Yartey, Charles, author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, African Dept., 2008. |
| Description: | 1 online resource (31 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/08/32 IMF working paper ; WP/08/32. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497016 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.08/32 | |
| 100 | 1 | |a Amo-Yartey, Charles, |e author. | |
| 245 | 1 | 4 | |a The determinants of stock market development in emerging economies : |b is South Africa different? / |c prepared by Chalres Amo Yartey. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, African Dept., |c 2008. | ||
| 300 | |a 1 online resource (31 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/08/32 | |
| 504 | |a Includes bibliographical references (pages 29-31). | ||
| 520 | 3 | |a This paper examines the institutional and macroeconomic determinants of stock market development using a panel data of 42 emerging economies for the period 1990 to 2004. The paper finds that macroeconomic factors such as income level, gross domestic investment, banking sector development, private capital flows, and stock market liquidity are important determinants of stock market development in emerging market countries. The results also show that political risk, law and order, and bureaucratic quality are important determinants of stock market development because they enhance the viability of external finance. This result suggests that the resolution of political risk can be an important factor in the development of emerging stock markets. The analysis also shows the factors identified above as determining stock market development in emerging economies can also explain the development of the stock market in South Africa. | |
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a 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. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. Stock Markets and Economic Growth: Theoretical and Analytical Issues; III. Stock Market Development in Emerging Markets; Figures; 1. Stock Market Development in Emerging Markets, 1990-2004; Tables; 1. Indicators of Stock Market Development, 1990-2004; IV. The Stock Market in South Africa; A. Market Development; B. Structure, Operations, and Regulation; C. Main Characteristics; Market Size; 3. South Africa: Indicators of Stock Market Development, 1990-2004; Market Depth; V. Methodology and Data; A. The Calderon-Rossell Model. | |
| 505 | 8 | |a B. The Modified Calderon-Rossell ModelC. The Data; Dependent Variable: Stock Market Development; Income Level; Banking Sector Development; Savings and Investment; Stock Market Liquidity; Macroeconomic Stability; Private Capital Flows; Institutional Quality; D. Estimation Method; VI. Results and Discussion; A. Macroeconomic Determinants of Stock Market Development; 2. Macroeconomic Factors and Stock Market Development; B. Institutional Quality and Stock Market Development; 3. Institutional Determinants of Stock Market Development. | |
| 505 | 8 | |a C. Explaining Stock Market Development in Emerging Markets: Is South Africa Different?4. South Africa: The Determinants of Stock Market Development; D. Summary and Conclusion; References. | |
| 610 | 2 | 0 | |a JSE Limited. |0 http://id.loc.gov/authorities/names/no2007040557 |
| 610 | 2 | 6 | |a JSE Limited. |
| 610 | 2 | 7 | |a JSE Limited. |2 fast |0 (OCoLC)fst01672083 |
| 650 | 0 | |a Stock exchanges |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Stock exchanges |z South Africa |x Econometric models. | |
| 651 | 0 | |a Developing countries |x Economic conditions |x Econometric models. | |
| 651 | 0 | |a Developing countries |x Politics and government |x Econometric models. | |
| 651 | 0 | |a South Africa |x Economic conditions |x Econometric models. | |
| 651 | 0 | |a South Africa |x Politics and government |x Econometric models. | |
| 650 | 6 | |a Bourse |z Nouveaux pays industrialisés |x Modèles économétriques. | |
| 650 | 6 | |a Bourse |z Afrique du Sud |x Modèles économétriques. | |
| 651 | 6 | |a Nouveaux pays industrialisés |x Conditions économiques |x Modèles économétriques. | |
| 651 | 6 | |a Afrique du Sud |x Conditions économiques |x Modèles économétriques. | |
| 651 | 6 | |a Nouveaux pays industrialisés |x Politique et gouvernement |x Modèles économétriques. | |
| 651 | 6 | |a Afrique du Sud |x Politique et gouvernement |x Modèles économétriques. | |
| 650 | 7 | |a Economic history. |2 fast |0 (OCoLC)fst00901974 | |
| 650 | 7 | |a Politics and government |x Econometric models. |2 fast |0 (OCoLC)fst01919759 | |
| 650 | 7 | |a Stock exchanges |x Econometric models. |2 fast |0 (OCoLC)fst01133571 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 651 | 7 | |a South Africa. |2 fast |0 (OCoLC)fst01204616 | |
| 655 | 4 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund. |b African Department. | |
| 776 | 0 | 8 | |i Print version: |a Yartey, Charles Amo. |t Determinants of stock market development in emerging economies. |d Washington, D.C. : International Monetary Fund, African Dept., 2008 |w (OCoLC)213815732 |
| 830 | 0 | |a IMF working paper ; |v WP/08/32. | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2008/032/001.2008.issue-032-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 no.08/32 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2008/032/001.2008.issue-032-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12141046 | ||