01786cas a2200253 a 4500 AALejournalIMF004833 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451971217 1934-7456 BD-DhAAL BD-DhAAL Kumar, Manmohan. Emerging Equity Markets : Growth, Benefits, and Policy Concerns / Manmohan Kumar, Robert Feldman. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (34 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 illustrates the evolution of equity prices in these markets over the last decade. It then discusses the reasons for the markets' growth and assesses the extent to which domestic policies, as well as external factors, have played a role. This is followed by a discussion of the likely benefits of these markets; the effects which any abrupt correction in stock prices could have for the economy; and the ways in which these markets can be made more efficient. Mode of access: Internet Feldman, Robert. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1994/007 Full text available on IMF http://elibrary.imf.org/view/journals/003/1994/007/003.1994.issue-007-en.xml IMF e-Library