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Stock Market Development in Sub-Saharan Africa

Stock Market Development in Sub-Saharan Africa »

Source: Stock Market Development in Sub-Saharan Africa : Critical Issues and Challenges

Volume/Issue: 2007/209

Series: IMF Working Papers

Author(s): Charles Komla Adjasi , and Charles Amo Yartey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867732

Keywords: stock market, stock exchange, stock market development, stock exchanges

This paper examines the economic importance of stock markets in Africa. It discusses policy options for promoting the development of the stock market in Africa. The results of the paper show that the stock markets...

Developing Essential Financial Markets in Smaller Economies
			: Stylized Facts and Policy Options

Developing Essential Financial Markets in Smaller Economies : Stylized Facts and Policy Options »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2008

DOI: http://dx.doi.org/10.5089/9781589067752.084

ISBN: 9781589067752

Keywords: Banking systems, Central bank policy, Financial sector, Small states, Stock markets, foreign exchange, exchange rate, foreign exchange market, equity markets, stock exchange

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, m...

Determinants of Stock Prices

Determinants of Stock Prices »

Source: Determinants of Stock Prices : The Case of Zimbabwe

Volume/Issue: 1997/117

Series: IMF Working Papers

Author(s): T. Oyama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451941616

Keywords: DDM, ECM, CAPM, APT, stock market, stock prices, stock exchange, stock returns, stock market index

This paper examines the general relationship between stock prices and macroeconomic variables in Zimbabwe, using the revised dividend discount model, error-correction model, and multi-factor return-generating model...

Can Regional Cross-listings Accelerate Stock Market Development? Empirical Evidence from Sub-Saharan Africa

Can Regional Cross-listings Accelerate Stock Market Development? Empirical Evidence from Sub-Saharan Africa »

Source: Can Regional Cross-listings Accelerate Stock Market Development? Empirical Evidence from Sub-Saharan Africa

Volume/Issue: 2008/281

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871395

Keywords: regional approach, events study, stock market, stock market development, stock exchanges, stock exchange,

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,...

The Impact of the Regional Cross-Listing of Stocks on Firm Value in Sub-Saharan Africa

The Impact of the Regional Cross-Listing of Stocks on Firm Value in Sub-Saharan Africa »

Source: The Impact of the Regional Cross-Listing of Stocks on Firm Value in Sub-Saharan Africa

Volume/Issue: 2009/99

Series: IMF Working Papers

Author(s): Olatundun Janet Adelegan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872460

Keywords: Regional cross-listing, event study, stock market, stock exchange, stock exchanges, capital market,

This paper examines the impact of regional cross-listing on stock prices. The sample consists of sub- Saharan African firms that have cross-listed during the period 1992-2008. Using event study methodology, the stu...

Small African Stock Markets-The Case of the Lusaka Stock Exchange

Small African Stock Markets-The Case of the Lusaka Stock Exchange »

Source: Small African Stock Markets-The Case of the Lusaka Stock Exchange

Volume/Issue: 2003/6

Series: IMF Working Papers

Author(s): Heloisa Marone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842319

Keywords: Financial Development, Stock Market, Small Economies, stock exchange, stock markets, capital markets, capital market, Economywide Country Studies: Africa,

In trend with a global pattern and following recommendations of the World Bank and the International Finance Corporation (IFC), the number of stock markets in African countries has increased dramatically over the l...

Regional Integration of Stock Exchanges in Eastern and Southern Africa

Regional Integration of Stock Exchanges in Eastern and Southern Africa »

Source: Regional Integration of Stock Exchanges in Eastern and Southern Africa : Progress and Prospects

Volume/Issue: 2005/122

Series: IMF Working Papers

Author(s): Jacqueline Irving

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861419

Keywords: capital markets development, stock exchange, capital markets, stock exchanges, stock market, capital market, Financial Aspects of Economic Integration,

This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that...

Uganda

Uganda »

Source: Uganda : Selected Issues

Volume/Issue: 2009/37

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2009

ISBN: 9781451838862

Keywords: capital market, stock exchange, bond, bonds

This Selected Issues paper on Uganda discusses the progress toward harmonization of capital account regulations and capital market integration. A unified East African Community financial market would offer several...

The Determinants of Stock Market Development in Emerging Economies

The Determinants of Stock Market Development in Emerging Economies »

Source: The Determinants of Stock Market Development in Emerging Economies : Is South Africa Different?

Volume/Issue: 2008/32

Series: IMF Working Papers

Author(s): Charles Amo Yartey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451868944

Keywords: Political risk, stock market, stock market development, private capital flows, capital flows,

This paper examines the institutional and macroeconomic determinants of stock market development using a panel data of 42 emerging economies for the period 1990 to 2004. The paper finds that macroeconomic factors s...

Recent World Bank Publications

Recent World Bank Publications »

Source: Finance & Development, June 1978

Volume/Issue: 15/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1978

ISBN: 9781616353339

Keywords: rural development, capital stock, authorized capital, capital increase, capital markets

This paper examines the expanded role for the International Finance Corporation (IFC) with a major capital increase. The paper highlights that for the first time in its history, the IFC is undertaking a major incre...