Abstract
Stock markets in developing countries today account for about 7 per cent of world equity market capitalization, and this share is rising rapidly. Foreign investors have in the past often faced restrictive barriers to access to these emerging markets. A growing number of developing countries have now started to dismantle these barriers, however, resulting in an increasing interest by international portfolio managers in these emerging stock markets.
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References
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The views expressed are strictly those of the author and do not necessarily reflect those of the International Monetary Fund. Geographical names in this paper are used solely for the convenience of the reader and do not imply the expression of any opinion whatsoever on the part of the International Monetary Fund concerning the legal status of any country, territory, city, area, or of its authorities, or concerning the delimination of its boundaries or national affiliation. Helpful comments by David Burton, G. Russel Kincaid, Miguel Savastano, and Ronald Schramm are gratefully acknowledged. The author is solely responsible for all remaining errors.
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Cornelius, P.K. The internationalization of emerging stock markets. Intereconomics 29, 131–138 (1994). https://doi.org/10.1007/BF02926350
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DOI: https://doi.org/10.1007/BF02926350