1.

Record Nr.

UNINA9910788410103321

Autore

Kramer Charles

Titolo

Asian Equity Markets : : Growth, Opportunities, and Challenges / / Charles Kramer, Catriona Purfield, Hiroko Oura, Andreas Jobst

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-8409-9

1-4527-9755-2

1-283-51325-0

9786613825704

1-4519-0979-9

Descrizione fisica

1 online resource (41 p.)

Collana

IMF Working Papers

Altri autori (Persone)

PurfieldCatriona

OuraHiroko

JobstAndreas

Soggetti

Stock exchanges - Asia

Securities - Asia

Finance: General

Investments: Stocks

Macroeconomics

Corporate Governance

Industries: Financial Services

Portfolio Choice

Investment Decisions

International Financial Markets

Pension Funds

Non-bank Financial Institutions

Financial Instruments

Institutional Investors

General Financial Markets: General (includes Measurement and Data)

Price Level

Inflation

Deflation

Corporate Finance and Governance: Government Policy and Regulation

Finance

Investment & securities

Corporate governance

role & responsibilities of boards & directors

Stock markets



Stocks

Emerging and frontier financial markets

Asset prices

Financial markets

Financial institutions

Prices

Mutual funds

Stock exchanges

Financial services industry

Hong Kong Special Administrative Region, People's Republic of China

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"December 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. THE EMERGENCE OF ASIAN STOCK MARKETS""; ""II. PERFORMANCE OF ASIAN EMERGING STOCK MARKETS""; ""III. ARE ASIAN MARKETS OVERHEATING?""; ""IV. EQUITY PRICES AND ECONOMIC ACTIVITY""; ""V. POLICY IMPLICATIONS""; ""APPENDIX I: THE DEVELOPMENT OF EQUITY DERIVATIVES MARKETS IN ASIA""; ""REFERENCES""

Sommario/riassunto

Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural improvements to markets. The development of equity markets provides a more diversified set of channels for financial intermediation to support growth, thus bolstering medium-term financial stability. At the same time, as highlighted by the May-June 2006 market corrections, the increasing role of stock markets potentially changes the nature of macroeconomic and financial stability risks, as well as the policy requirements for dealing with these risks.