Atje, R., and B. Jovanovic (1993). Stock Markets and Development.European Economic Review
Barro, R. J. (1997).Determinants of Economic Growth: A Cross-Country Empirical Study. Cambridge, Mass.: MIT Press.
Bhattacharya, U., and H. Daouk (2001).The World Price of Insider Trading. Bloomington, Indiana: University of Indiana.
Beck, T., and R. Levine (2001). Stock Markets, Banks, and Growth: Correlation or Causality. Working Paper 2670. World Bank, Washington, D.C.
Beck, T., R. Levine, and N. Loayza (2000). Finance and the Sources of Growth.Journal of Financial Economics
58 (1): 261–300.CrossRef
Bekaert, G., and C. R. Harvey (2000). Foreign Speculators and Emerging Equity Markets.Journal of Finance
55 (April): 565–613.CrossRef
Bekaert, G., C. R. Harvey, and C. Lundblad (2001a). Emerging Equity Markets and Economic Development.Journal of Development Economics
66 (2): 465–504.CrossRef
Bekaert, G., C. R. Harvey, and C. Lundblad (2001b). Does Financial Liberalization Spur Growth? NBER Working Paper 8245. National Bureau of Economic Research Cambridge, Mass.
Bencivenga, V. R., B. D. Smith, and R. M. Starr (1995). Transaction Costs, Technological Choice and Endogenous Growth.Journal of Economic Theory
67 (October): 53–77.CrossRef
Boot, A. W. A., and A. Thakor (1997). Financial System Architecture.Review of Financial Studies
10 (July): 693–733.CrossRef
Claessens, S., S. Djankov, and D. Klingebiel (2000). Stock Markets in Transition Economies. Final Sector Discussion Paper 5. World Bank, Washington, D.C.
Demirgüc-Kunt, A., and R. Levine (1996). Stock Market Development and Financial Intermediaries: Stylised Facts.World Bank Economic Review
10 (May): 291–321.CrossRef
Devereux, M. B., and G. W. Smith (1994). International Risk Sharing and Economic Growth.International Economic Review
35 (August): 535–550.CrossRef
Edison, H. J., and F. E. Warnock (2001). A Simple Measure of the Intensity of Capital Controls. International Finance Discussion Papers 708. Board of Governors of the Federal Reserve System, Washington, D.C.
EIU (Economist Intelligence Unit) various years. Country Reports. London.
Funke, N. (2002). Stock Market Developments and Private Consumer Spending in Emerging Markets. IMF Working Paper 02/238. International Monetary Fund, Washington, D.C.
Galindo, A., A. Micco, and G. Ordoñez (2002). Financial Liberalization and Growth: Empirical Evidence. Inter-American Development Bank, May 2002. Washington, D.C.
Gultekin, M. N., N. B. Gultekin, and A. Penati (1989). Capital Controls and International Capital Market Segmentation: The Evidence from the Japanese and American Stock Markets.Journal of Finance 44 (September): 849–869.
Henry, P. B. (2000a). Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices.Journal of Finance
55 (April): 529–564.CrossRef
Henry, P. B. (2000b). Do Stock Market Liberalizations Cause Investment Booms?Journal of Financial Economics
58 (1): 301–334.CrossRef
Henry, P. B. (2003). Capital Account Liberalization, the Cost of Capital, and Economic Growth.American Economic Review, Papers and Proceedings
93 (2): 91–96.CrossRef
Holmstrom, B., and J. Tirole (1993). Market Liquidity and Performance Monitoring.Journal of Political Economy
101 (August): 678–709.CrossRef
Ito, T. (1992).The Japanese Economy. Cambridge, Mass.: MIT Press.
Karolyi, G. A. (2002). The Role of ADRs in the Development and Integration of Emerging Equity Markets. The Ohio State University, Columbus, Ohio. Mimeo.
Khan, M. S., and A. S. Senhadji (2000). Financial Development and Economic Growth: An Overview. IMF Working Paper 00/209. International Monetary Fund, Washington, D.C.
Kim, E. H., and V. Singal (2000). Stock Market Openings: Experience of Emerging Economies.Journal of Business
73 (January): 25–66.CrossRef
King, R., and R. Levine (1993). Finance and Growth: Schumpeter Might Be Right.Quarterly Journal of Economics
108 (August): 717–737.CrossRef
Laeven, L., and E. C. Perotti (2001). Confidence Building in Emerging Stock Markets. CEPR Discussion Paper 3055. CEPR, London.
Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda.Journal of Economic Literature 35 (June): 688–726.
Levine, R. (1999). Financial Development and Growth: Where Do We Stand.Estudios de Economia 26 (December): 113–136.
Levine, R. (2001). International Financial Integration and Economic Growth.Review of International Economics
9 (4): 688–702.CrossRef
Levine, R., and D. Renelt (1992). A Sensitivity Analysis of Cross-Country Growth Regressions.American Economic Review 82 (September): 942–963.
Levine, R., and S. Zervos (1998). Stock Markets, Banks and Economic Growth.American Economic Review 88 (June): 537–558.
Martell, R., and R. M. Stulz (2003). Equity Market Liberalizations as Country IPOs. NBER Working Paper 9481. National Bureau of Economic Research, Cambridge, Mass.
Obstfeld, M. (1994). Risk-Taking, Global Diversification and Growth.American Economic Review 84 (December): 1310–1329.
Perotti, E. C., and L. Laeven (2001). Confidence Building in Emerging Stock Markets. Working Paper 366. William Davidson Institute at the University of Michigan Business School.
Perotti, E. C., and P. van Oijen (2001). Privatization, Political Risk and Stock Market Development in Emerging Economies.Journal of International Money and Finance
20 (1): 43–69.CrossRef
Rachan, R., and L. Zingales (1998). Financial Development and Growth.American Economic Review 88 (3): 559–586.
Rousseau, P. I., and P. Wachtel (2000). Equity Markets and Growth: Cross-Country Evidence on Timing and Outcomes, 1980–1995.Journal of Banking and Finance
24 (December): 1933–1957.CrossRef
Shleifer, A., and R. W. Vishny (1986). Large Shareholders and Corporate Control.Journal of Political Economy
94 (June): 461–488.CrossRef
World Bank (2001).World Development Indicators. Washington, D.C.