There is much debate in both developed and developing countries about what kinds of financial institutions and markets best serve economic growth. To what extent can the superior performance of Japanese and German economies be attributed to their market-based system with a focus on short-term gains?

Prominent in current debates about the competitiveness of industrial nations are issues of corporate financial structure and financial market organization. Drawing on recent experiences in India and Korea, the authors consider key issues that arise in connection with the development of equity markets in developing countries.

Under what conditions does it make sense to encourage the development of equity markets? Is a functioning equity market a prerequisite for the liberalization of the banking system? What is the appropriate regulatory regime for a developing country's securities market?

Developing Stock Exchanges In Developing Countries

Without effective regulation, international investors will not have the confidence to commit the resources to developing country markets. Good managment skills are scarce in developing countries. How can matters be arranged to make optimal use of those resources? The stock market's role in effecting changes in corporate governance could be enormously helpful to economic development.

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Financial market theory of development - Wikipedia

Note that these files are not on the IDEAS site. Please be patient as the files may be large. The Canadian Evidence ," Canadian Journal of Economics , Canadian Economics Association, vol. De Long, J Bradford, et al, The role of the stock market ," Carnegie-Rochester Conference Series on Public Policy , Elsevier, vol. The Role of the Stock Market ," NBER Working Papers , National Bureau of Economic Research, Inc. Cho, Yoon Je, Causes and Consequences, pages National Bureau of Economic Research, Inc.

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Theory and Some Cross-Country Evidence ," The Pakistan Development Review , Pakistan Institute of Development Economics, vol. Growth, Benefits, and Policy Concerns ," World Bank Research Observer , World Bank Group, vol. Should developing countries encourage stock markets? Learning the right lessons from development experience ," World Development , Elsevier, vol.

The Causal Linkage ," Journal of Economic Development , Chung-Ang Unviersity, Department of Economics, vol. Review of European Economic Policy , Springer;German National Library of Economics;Centre for European Policy Studies CEPS , vol. ABOUDOU Maman Tachiwou, Seria Management , Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. Lists This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

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Stock markets in developing countries : key issues and a research agenda (English) | The World Bank

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