The Role of Stock Markets in the Asian-Pacific Region  

Oleh:

Naughton, Tony

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Asian Pacific Economic Literature vol. 13 no. 1 (1999), page 22-35.
Topik: developing economies; role of stock markets; financial crisis
Fulltext: AA28_13_01_Tony Naughton(1).pdf (388.89KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: AA28 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper identifies the role of stock markets in developing economies with a focus on the Asian-Pacific region. The region's markets generally do not play a major role in resource allocation. The stock exchanges of the region are primarily secondary markets facilitating portfolio construction by domestic and international investors. The paper concentrates on secondary market activity and the controls regulators use to contain excessive speculation and price volatility. It also covers the role of stock markets in the recent financial crisis in the region.

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