Equity Market Liberalization in Emerging Markets

Journal of Financial Research - Tập 26 Số 3 - Trang 275-299 - 2003
Geert Bekaert1, Campbell R. Harvey1, Christian Lundblad1
1Columbia University and National Bureau of Economic Research

Tóm tắt

AbstractEquity market liberalizations, if effective, lead to important changes in both the financial and real sectors as the economy becomes integrated into world capital markets. The study of market integration is complicated because one can liberalize in many ways and many countries have taken different routes. To study the effectiveness of particular liberalization policies, the sequencing of liberalizations, and the impact on the real economy, systematic methods must be developed to date the liberalization of emerging equity markets. We provide a synthesis of the current methods and show the impact of liberalization on the real sector.

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Thông tin
Thông tin xuất bản

Journal of Financial Research

Tập 26 Số 3

275-299

Thông tin tác giả