Series: IMF Policy Discussion Papers
Author(s): Manmohan Kumar , and Robert Feldman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1994
Keywords: Monetary policy, equity markets, stock market, capital inflows, equity prices, stock markets
Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries. This paper first examines the main characteristics of the emerging stock markets, and illustrat...