Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87890
Authors: 
Levine, Ross
Year of Publication: 
1997
Series/Report no.: 
Working Paper, Inter-American Development Bank, Office of the Chief Economist 365
Abstract: 
The value of equity market transactions in emerging economies soared from about 2 percent of the world total in 1986 to 12 percent in 1996. This boom was accompanied by an explosion of international capital flows, especially flows into developing country stock markets. Moreover, while equity flows were a negligible part of capital flows to emerging markets a decade ago, equity flows now represent about 20 percent of private capital flows to developing nations.
Document Type: 
Working Paper

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