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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/621

タイトル: Institutional Development of Capital Markets in Nine Asian Economies
著者: Nakagawa, Rika
中川, 利香
キーワード: Capital market
Securities market
East Asia
Southeast Asia
資本市場
証券市場
東アジア
東南アジア
Issue Date: Jul-2007
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 112. 2007.7
抄録: This paper is conducting a comparative analysis of the development of securities markets in nine Asian economies: Korea, Taiwan, Hong Kong, Singapore, Malaysia, Thailand, Indonesia, the Philippines, and China. This study focuses on two aspects: the history and institutional development of securities market, such as legal systems, payment systems, etc. From the analyses, this paper reveals several common features of the development of securities markets in nine Asian economies. First, most economies had an informal capital market in the early period of their history. Second, the background of the foundation of their official markets was influenced by experiences of colonization. Third, most governments recognized the importance of the capital market for economic development and had a positive attitude in promoting the market. Fourth, statistics clearly showed that most economies experienced several booms in their capital market from the late 1980s.
URI: http://hdl.handle.net/2344/621
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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