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 followi...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2001.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2001/193 |
| Online adgang: | Full text available on IMF |