Stock Market Liberalizations : Financial and Macroeconomic Implications

Financial and Macroeconomic Implications

Stock Market Liberalizations : Financial and Macroeconomic Implications
Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase in real private investment growth of about 14 percentage points cumulatively in the four years following liberalization and a cumulative 4 percentage... READ MORE...

Publication date: December 2001
ISBN 9781451859812
$15.00

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