Stock market liberalizations : financial and macroeconomic implications /

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Bibliographic Details
Author / Creator:Fuchs-Schündeln, Nicola.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2001.
Description:1 online resource (40 pages) : illustrations
Language:English
Series:IMF working paper ; WP/01/193
IMF working paper ; WP/01/193.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497292
Hidden Bibliographic Details
Other authors / contributors:Funke, Norbert.
International Monetary Fund.
IMF Institute.
ISBN:128201126X
9781282011267
Notes:Includes bibliographical references (pages 38-40).
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
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase in real private investment growth of about 14 percentage points cumulatively in the four years following liberalization and a cumulative 4 percentage point increase in real GDP per capita growth. Growth tends to be higher if institutional reforms precede liberalization. In contrast to other studies, we also find evidence for a permanent growth effect of about 0.4 percent a year in an extended sample of 72 countries.
Other form:Print version: Fuchs-Schündeln, Nicola. Stock market liberalizations. [Washington, D.C.] : International Monetary Fund, ©2001

MARC

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520 |a Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase in real private investment growth of about 14 percentage points cumulatively in the four years following liberalization and a cumulative 4 percentage point increase in real GDP per capita growth. Growth tends to be higher if institutional reforms precede liberalization. In contrast to other studies, we also find evidence for a permanent growth effect of about 0.4 percent a year in an extended sample of 72 countries. 
650 0 |a Stock exchanges  |x Econometric models. 
650 0 |a Economic development  |x Econometric models. 
650 0 |a Saving and investment  |x Econometric models. 
650 0 |a Gross domestic product  |x Econometric models. 
650 0 |a Finance  |x Law and legislation  |x Econometric models. 
650 6 |a Bourse  |x Modèles économétriques. 
650 6 |a Développement économique  |x Modèles économétriques. 
650 6 |a Investissement  |x Modèles économétriques. 
650 6 |a Produit intérieur brut  |x Modèles économétriques. 
650 6 |a Finances  |x Droit  |x Modèles économétriques. 
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650 7 |a Saving and investment  |x Econometric models.  |2 fast  |0 (OCoLC)fst01105962 
650 7 |a Stock exchanges  |x Econometric models.  |2 fast  |0 (OCoLC)fst01133571 
655 4 |a Electronic books. 
700 1 |a Funke, Norbert. 
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