02081cas a2200241 a 4500 AALejournalIMF005487 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871395 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Can Regional Cross-listings Accelerate Stock Market Development? : Empirical Evidence from Sub-Saharan Africa. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (44 pages) IMF Working 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 This study analyzes the impact of regional cross-listing of stocks on the depth of the stock markets in sub-Saharan Africa (SSA). It analyzes data from 1990 to 2007 for a panel of 13 stock markets in SSA countries, only some of which have regional cross-listings. Using event study methodology, the paper finds significant positive effects in measures of stock market depth around regional cross-listing events. Overall, growth in the regional crosslisting of stocks facilitates stock market deepening, and the stock markets of countries with regional cross-listings perform better than those without. The study thus suggests that SSA countries can benefit from putting in place the necessary conditions for promoting regional cross-listings and thereby deepening their stock markets. These include sound legal and regulatory frameworks, macroeconomic and political stability, harmonization of listing rules, accounting laws and disclosure requirements across the region, and strong money markets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/281 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/281/001.2008.issue-281-en.xml IMF e-Library