1.

Record Nr.

UNINA9910826870703321

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

Edizione

[1st ed.]

Descrizione fisica

1 online resource (41 p.)

Collana

IMF Working Papers

Altri autori (Persone)

JobstAndreas

OuraHiroko

PurfieldCatriona

Soggetti

Stock exchanges - Asia

Securities - Asia

Asset prices

Corporate Finance and Governance: Government Policy and Regulation

Corporate Governance

Corporate governance

Deflation

Emerging and frontier financial markets

Finance

Finance: General

Financial institutions

Financial Instruments

Financial markets

Financial services industry

General Financial Markets: General (includes Measurement and Data)

Industries: Financial Services

Inflation

Institutional Investors

International Financial Markets

Investment & securities

Investment Decisions

Investments: Stocks

Macroeconomics

Mutual funds



Non-bank Financial Institutions

Pension Funds

Portfolio Choice

Price Level

Prices

Role & responsibilities of boards & directors

Stock exchanges

Stock markets

Stocks

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.