Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers

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Publisher :
ISBN 13 : 9789291903153
Total Pages : 37 pages
Book Rating : 4.9/5 (31 download)

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Book Synopsis Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers by : Stijn Claessens

Download or read book Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers written by Stijn Claessens and published by . This book was released on 2002 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres by : Stijn Claessens

Download or read book Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres written by Stijn Claessens and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Center

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Center by : Stijn Claessens

Download or read book Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Center written by Stijn Claessens and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Claessens, Klingebiel, and Schmukler study the determinants of the growing migration of stock market activity to international financial centers. They use a sample of 77 countries and document that higher economic growth and more macroeconomic stability help stock market development. Countries with higher income per capita, sounder macroeconomic policies, more efficient legal systems, better shareholder protection, and more open financial markets tend to have larger and more liquid stock markets. The authors show that these factors also drive the degree with which capital raising, listing, and trading have been migrating to international financial centers. As fundamentals improve and technology advances, this migration will likely increase and domestic stock market activity may become too little to support local markets. For many emerging economies, the best policy is to establish sound fundamentals but not necessarily the trading, or even listing of securities locally.This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to understand financial globalization and capital market development.

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers by : Stijn Claessens

Download or read book Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers written by Stijn Claessens and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors study the determinants of the growing migration of stock market activity to international financial centers. They use a sample of 77 countries and document that higher economic growth and more macroeconomic stability help stock market development. Countries with higher income per capita, sounder macroeconomic policies, more efficient legal systems, better shareholder protection, and more open financial markets tend to have larger and more liquid stock markets. The authors show that these factors also drive the degree with which capital raising, listing, and trading have been migrating to international financial centers. As fundamentals improve and technology advances, this migration will likely increase and domestic stock market activity may become too little to support local markets. For many emerging economies, the best policy is to establish sound fundamentals but not necessarily the trading, or even listing of securities locally.

Explaining the migration of stocks from exchanges in emerging economies to international center

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis Explaining the migration of stocks from exchanges in emerging economies to international center by : Stijn Claessens

Download or read book Explaining the migration of stocks from exchanges in emerging economies to international center written by Stijn Claessens and published by . This book was released on 2002 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres by : Stijn Claessens

Download or read book Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres written by Stijn Claessens and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Emerging Capital Markets and Globalization

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Publisher : World Bank Publications
ISBN 13 : 0821365444
Total Pages : 232 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Emerging Capital Markets and Globalization by : Augusto de la Torre

Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006-10-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

A Global View

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis A Global View by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment

Download or read book A Global View written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment and published by . This book was released on 2009 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Politics of Equity Finance in Emerging Markets

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Publisher : Oxford University Press
ISBN 13 : 9780195174090
Total Pages : 302 pages
Book Rating : 4.1/5 (74 download)

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Book Synopsis The Politics of Equity Finance in Emerging Markets by : Kathryn C. Lavelle

Download or read book The Politics of Equity Finance in Emerging Markets written by Kathryn C. Lavelle and published by Oxford University Press. This book was released on 2004-10-14 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging market stock issuance relative to GDP rose in the late twentieth century to levels that roughly matched that of advanced, industrial markets. Nonetheless, the connection between owning shares of emerging market stock and the ability to influence the management of these firms remains fundamentally different from the analogous institutional connection that has evolved in industrial markets. The reasons for the differences in emerging markets are both historical and political in nature. That is, local equity markets have had the objective of providing for some degree of local ownership and control of large economic entities since the late nineteenth century. However, local markets have operated under different global political structures since that time, ranging from imperialism, to world wars, to sovereign developmental states, to neo-liberal states. Shares issued under these different structures have been reconfigured over time, resulting in a lack of convergence along either the Anglo-American or Continental models of corporate governance. The author uses a political science paradigm to explain the growth of emerging equity markets. She departs from conventional economic explanations and examines politics at the micro-level of large issues of emerging market stock. The second half of the book presents case studies dealing with emerging market countries in Latin America, Asia, Russia and Eastern Europe, Africa and the Middle East. The case studies connect the regional, state, and firm levels to detail the multiple ownership and control arrangements, and to dispel the notion that mere quantitative growth of these markets will lead to a convergence in financial institutional structures along the lines of the industrial core of the world economy.

Global Stock Market Development

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Publisher : Routledge
ISBN 13 : 100045729X
Total Pages : 190 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Global Stock Market Development by : Marcin Kalinowski

Download or read book Global Stock Market Development written by Marcin Kalinowski and published by Routledge. This book was released on 2021-09-26 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment – whether it is ‘hyperactive’ or ‘excessively lethargic’ in response to information. This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ‘stock market development’ in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions. The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.

Regional financial Integration in Africa: Cross-listings as a form of regional financial integration

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Publisher : diplom.de
ISBN 13 : 3954897210
Total Pages : 112 pages
Book Rating : 4.9/5 (548 download)

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Book Synopsis Regional financial Integration in Africa: Cross-listings as a form of regional financial integration by : Moses Wisdom Chisadza

Download or read book Regional financial Integration in Africa: Cross-listings as a form of regional financial integration written by Moses Wisdom Chisadza and published by diplom.de. This book was released on 2014-02-01 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at contemporary issues facing financial markets in Southern Africa. It has been established that African stock markets are confronted with a multitude of problems which include inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (‘SADC’) stock markets, with the exception of South Africa, are small both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance.

Future Foreign Investment SEA

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Publisher : Taylor & Francis
ISBN 13 : 1136003827
Total Pages : 304 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis Future Foreign Investment SEA by : Nick J. Freeman

Download or read book Future Foreign Investment SEA written by Nick J. Freeman and published by Taylor & Francis. This book was released on 2012-11-12 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the dynamics behind Southeast Asia's foreign investment activity, and looks at the region's options for reviving its reputation as an attractive host for foreign investors. Each chapter focuses on a key element; together, they portray southeast Asia's foreign investment profile and prospects. By bringing these key interlocking elements together under a single cover, the book aims to provide a more profound understanding of the challenges southeast Asian countries face in their on-going attempts both to attract new foreign investment inflows and to continue hosting substantial existing foreign-invested assets.

World Development Indicators 2007

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Publisher : World Bank Publications
ISBN 13 : 0821369601
Total Pages : 430 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis World Development Indicators 2007 by :

Download or read book World Development Indicators 2007 written by and published by World Bank Publications. This book was released on 2007-01-01 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Indicators is the World Bank's premier annual compilation of data about development. This indispensable statistical reference allows you to consult over 900 indicators for some 150 economies and 14 country groups in more than 80 tables. It provides a current overview of the most recent data available as well as important regional data and income group analysis in six thematic sections: World View, People, Environment, Economy, States and Markets, and Global Links. The CD-ROM editions contain 45 years of time series data, covering 1960 to 2005, and offer mapping, charting, and data export formats. Click below for more information on the CD-ROM editions.

Financial Globalization and the Emerging Market Economy

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Publisher : Routledge
ISBN 13 : 1134333161
Total Pages : 374 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Financial Globalization and the Emerging Market Economy by : Dilip K. Das

Download or read book Financial Globalization and the Emerging Market Economy written by Dilip K. Das and published by Routledge. This book was released on 2004-01-22 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi

Economic Papers

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Publisher :
ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Economic Papers by :

Download or read book Economic Papers written by and published by . This book was released on 1981 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IBSS: Economics: 2002 Vol.51

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Publisher : Routledge
ISBN 13 : 1134340036
Total Pages : 675 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis IBSS: Economics: 2002 Vol.51 by : Compiled by the British Library of Political and Economic Science

Download or read book IBSS: Economics: 2002 Vol.51 written by Compiled by the British Library of Political and Economic Science and published by Routledge. This book was released on 2013-05-13 with total page 675 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00

The role of cross-listings in establishing a Southern African Development Community regional stock exchange

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656576475
Total Pages : 124 pages
Book Rating : 4.6/5 (565 download)

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Book Synopsis The role of cross-listings in establishing a Southern African Development Community regional stock exchange by : Moses Wisdom Chisadza

Download or read book The role of cross-listings in establishing a Southern African Development Community regional stock exchange written by Moses Wisdom Chisadza and published by GRIN Verlag. This book was released on 2014-01-17 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2013 in the subject Economics - Case Scenarios, , course: LLM in International Trade, Investment and Business Law in Africa, language: English, abstract: It has been established that African stock markets are confronted with a multitude of problems which include, inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (SADC) stock markets with the exception of South Africa are small, both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance. It is contended that all these problems could be eased through regional financial integration. The integration of African stock markets and the introduction of regional stock exchanges will promote cross-border listings and thus stimulate increased liquidity across markets. Thus, it is suggested that the integration of SADC’s stock markets and the creation of a regional stock exchange is one of the panaceas to overcome Africa’s stock market problems. A regional stock exchange has the potential for tremendous benefits for both local and foreign investors, as well as for business enterprises in the region