Asian Equity Markets: Growth, Opportunities, and Challenges

By Charles Frederick Kramer, Catriona Purfield, Hiroko Oura, Andreas Jobst

December 1, 2006

Preview Citation

Format: Chicago

Charles Frederick Kramer, Catriona Purfield, Hiroko Oura, and Andreas Jobst. Asian Equity Markets: Growth, Opportunities, and Challenges, (USA: International Monetary Fund, 2006) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Asset prices, Corporate governance, Emerging and frontier financial markets, Financial institutions, Financial markets, Mutual funds, Prices, Stock markets, Stocks

Keywords: Africa, Asia and Pacific, Asian financial markets, Asset price fluctuation, Asset prices, Cash market activity, Emerging and frontier financial markets, Equity markets, Equity price, Financial integration, Financial stability, Global, Hong Kong SAR market, International capital markets, Market, Market development, Market downturn, Market infrastructure, Market integration, Market liberalization, Market liquidity, Market openness, Market reaction, Middle East, Mutual funds, Singapore, Stock markets, Stocks, U.S. dollar, WP

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/266
Stock No:

WPIEA2006266
ISBN:

9781451865264
ISSN:

1018-5941

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