haku: @indexterm FINANCIAL REGULATION / yhteensä: 40
viite: 5 / 40
| Tekijä: | Das, D. K. |
| Otsikko: | Financial Liberalisation in the Emerging Market Economies |
| Lehti: | Journal of Asset Management
2003 : MAR, VOL. 3:4, p. 345-360 |
| Asiasana: | EMERGING MARKETS FINANCIAL REGULATION STOCK MARKETS CAPITAL MARKETS DEREGULATION |
| Kieli: | eng |
| Tiivistelmä: | The emerging market economies earnestly began liberalising their financial sectors. Deregulation and liberalisation were responsible for creating an environment that engendered economic growth. The allocative efficiency view supported the liberalisation- growth nexus, while the newer 'animal spirit' view considered this link fanciful. In this paper, the author provides empirical evidence to show that liberalisation of stock markets in the emerging market economies caused smoothening of the boom-bust cycles in the medium term, although the short-term effect of liberalisation was found to be very different. |
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