Napoleon, Bourses, and Growth in Latin America

36 Pages Posted: 20 Apr 2011

See all articles by Ross Levine

Ross Levine

University of California, Berkeley - Haas School of Business; National Bureau of Economic Research (NBER)

Date Written: October 1997

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.

Suggested Citation

Levine, Ross Eric, Napoleon, Bourses, and Growth in Latin America (October 1997). IDB Working Paper No. 301. Available at SSRN: https://ssrn.com/abstract=1815992 or http://dx.doi.org/10.2139/ssrn.1815992

Ross Eric Levine (Contact Author)

University of California, Berkeley - Haas School of Business ( email )

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National Bureau of Economic Research (NBER)

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