Asian equity markets
Subtitle: growth, opportunities, and challenges
By: prepared by Catriona Purfield ... [et al.].
Contributors: Purfield, Catriona.; International Monetary Fund. Asia and Pacific Dept.; International Monetary Fund. Monetary and Capital Markets Dept.
Series: IMF working paper -- WP/06/266
Publisher: International Monetary Fund, Asian and Pacific Dept. and Monetary and Capital Markets Dept.
Published: 2006
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 39
Subjects: Stock exchanges -- Asia.; Capital market -- Asia.; Asia -- Economic conditions -- 1945-; Asia -- Economic policy.
Description: 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.
Notes: Caption title.

"December 2006."

Includes bibliographical references (p. 36-39).

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