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Record Nr. |
UNINA9910826870703321 |
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Autore |
Purfield Catriona |
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Titolo |
Asian equity markets : growth, opportunities, and challenges / / prepared by Catriona Purfield ...[et. al.] |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, 2006 |
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ISBN |
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1-4623-8409-9 |
1-4527-9755-2 |
1-283-51325-0 |
9786613825704 |
1-4519-0979-9 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (41 p.) |
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Collana |
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IMF working paper ; ; WP/06/266 |
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Soggetti |
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Stock exchanges - Asia |
Securities - Asia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""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"" |
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Sommario/riassunto |
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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. |
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