Emerging Equity Markets in Middle Eastern Countries

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International Monetary Fund, Sep 1, 1994 - Business & Economics - 52 pages
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Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Middle Eastern countries. The analysis, based primarily on a range of quantitative indicators, identifies the principal characteristics of these markets, including relative to international comparators, and examines associated structural features. This, along with an analysis of the informational efficiency of selected markets in the region, provides a basis for the subsequent review of policies for enhancing the role of equity markets in the macroeconomy of Middle Eastern countries.
 

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Contents

Summary
I Introduction
II The Process of Capital Market Internationalization and Developing Countries
III Analysis of Equity Markets in Selected Middle Eastern Countries
IV Market Volatility and Informational Efficiency
V Developing and Improving Equity Markets in Middle Eastern Countries
VI Concluding Remarks
Stock Prices and PriceEarnings Ratios
References
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About the author (1994)

Mohamed A. El-Erian was born on August 19, 1958 in New York City. He is a businessman, and a chief economic adviser at Allianz, a multinational financial services company. He also serves as chair of President Obama's Global Development Council. He is a columnist for Bloomberg View, as well as contributing editor to the Financial Times. He is the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse published in January 2016. He has served as a member of the faculty of Harvard Business School. He is currently a member of the Harvard Global Advisory Council.

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