It is Time to Reexamine the Role of Stock Markets in Developing Economies
Journal of Asia-Pacific Business, 13(3), 206-228, 2012
24 Pages Posted: 6 Dec 2012
Date Written: September 1, 2012
Although the many perceived benefits of a stock market may have led to their rapid formation and development aspirations across economies, emerging findings that stock markets may not be as useful as previously thought, even a detraction in the case of some developing economies, raises the question of how practical stock markets may be in different situations. In light of the foregoing and using Fiji as an example, this study argues that it is indeed time to reexamine the role of stock markets in developing economies with a view to restructuring the financial system for improved efficiency and effectiveness.
Keywords: Fiji, South Pacific, developing economies, stock markets, financial systems
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