Series: IMF Working Papers
Author(s): Jiaqian Chen , and Patrick Imam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2011
Keywords: Asset Shortage, Emerging Market, Capital Market, Regulation, financial assets, interest rates, capital markets, capital account, pension funds, Money and Interest Rates: General
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 de...