What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? »
Series: IMF Working Papers
Author(s): Andreas Billmeier , and Isabella Massa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
Keywords: Stock market capitalization, panel, institutions, stock market, stock market development, domestic credit,
In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without...