
Causes of Asset Shortages in Emerging Markets »
Journal Issue
Volume/Issue: 2011/114
Series: IMF Working Papers
Author(s): Jiaqian Chen , and Patrick Imam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2011
DOI: http://dx.doi.org/10.5089/9781455262373.001
ISBN: 9781455262373
Keywords: Asset Shortage, Emerging Market, Capital Market, Regulation, financial assets, interest rates, capital markets, capital account, pension funds, Money and Interest Rates: General
We first illustrate that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. We then estimate the asset shortage in EMs for 1995-2008. We de...