Stock Market Development in Africa: do all macroeconomic financial intermediary determinants matter?
AbstractThis study brings light to some financial intermediary development factors that could negate stock market development, as well as those that could improve it. Using a panel of eight countries, from 1989 to 2008, we derive indexes via Principal Component Analysis; based on which panel fixed effect regressions are performed. The principal edge of this work is that, in policy making, not all aspects of financial intermediary development should be prioritized for stock market development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26910.
Date of creation: 22 Nov 2010
Date of revision:
Financial intermediary development; Stock market development; Africa;
Find related papers by JEL classification:
- G1 - Financial Economics - - General Financial Markets
- G2 - Financial Economics - - Financial Institutions and Services
- G0 - Financial Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-11-27 (Africa)
- NEP-ALL-2010-11-27 (All new papers)
- NEP-FMK-2010-11-27 (Financial Markets)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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