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The Determinants of Stock Market Development in Emerging Economies: Is South Africa Different?

Feb 01, 2008 | C.A. Yartey | IMF
The paper finds that macroeconomic factors such as income level, gross domestic investment, banking sector development, private capital flows, and stock market liquidity are important determinants of stock market development in emerging market countries.
Theme: Long-Term Finance and Capital Markets | Country: South Africa | Pages: 33