What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? /

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without sizeable natural resource wealth. In addition to traditional variables, we include an...

Descripción completa

Detalles Bibliográficos
Autor principal: Billmeier, Andreas
Otros Autores: Massa, Isabella
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2007.
Colección:IMF Working Papers; Working Paper ; No. 2007/157
Acceso en línea:Full text available on IMF