Stock markets: a spur to economic growth.(Banking and Monetary Reform): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1996. The length of the article is 2421 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: World stock markets are booming and stock markets in developing countries account for a disproportionately large share of this growth. Since the mid-1980s, the total value of stocks listed in bourses all over the world has risen from $4.7 trillion to $15.2 trillion. Over the same period, the share of total world capitalization represented by emerging markets has also increased from less than 4% to nearly 13%. Recent evidence indicates that the strong performance of stock markets can play an important role in promoting economic development. Active stock exchanges create liquidity which, in turn, makes investments less risky. Empirical evidence strongly support the belief that greater stock market liquidity precedes and even bolsters economic expansion.

Citation Details
Title: Stock markets: a spur to economic growth.(Banking and Monetary Reform)
Author: Ross Levine
Publication:Finance & Development (Magazine/Journal)
Date: March 1, 1996
Publisher: International Monetary Fund
Volume: v33 Issue: n1 Page: p7(4)

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