Causes of Asset Shortages in Emerging Markets

Causes of Asset Shortages in Emerging Markets
We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We develop a model that explains how asset shortage develop, and then econometrically estimate the causes of asset shortages. We conclude... READ MORE...

Publication date: May 2011
ISBN 9781455262373
$18.00

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