Causes of Asset Shortages in Emerging Markets
Published By: IMF on eSS | Published Date: May, 01 , 2011In this paper it has been illustrated that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. Then the asset shortage in EMs for 1995-2008 is estimated. Here, they develop a model that explains how asset shortage develop, and then econometrically estimate the causes of asset shortages. The author concludes with policy implications. [Working Paper No. 11/114] URL: [http://www.imf.org/external/pubs/ft/wp/2011/wp11114.pdf]
Author(s): Chen Jiaqian | Posted on: May 17, 2011 | Views(671) | Download (180)