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Emerging Equity Markets in Middle Eastern Countries
Author:
Mr. Mohamed A. El-Erian null

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and
Mr. Manmohan S. Kumar
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Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 103
Language:
English
Publication Date:
01 Sep 1994
DOI:
https://doi.org/10.5089/9781451852660.001
ISBN:
9781451852660
ISSN:
1018-5941
Pages:
52
Keywords:
WP; secondary market; constant dollars; market capitalization; price change; private sector; intrinsic value; rate of return; bull market; export market opportunity; financial support; reduction operation; market place; opportunity cost; Stock markets; Emerging and frontier financial markets; Stocks; Capital markets; International capital markets; Middle East
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund