European Parliament Library

Causes of Asset Shortages in Emerging Markets, Jiaqian Chen, Patrick Imam

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 develop a model that explains how asset shortage develop, and then econometrically estimate the causes of asset shortages. We conclude with policy implications
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. What Are Asset Shortages and What Are the Symptoms?; 1. Asset Issuance in Emerging Markets; III. What Causes Asset Shortages?; A. Dwindling Supply of Financial Assets in EMs; B. Increased Supply of Domestic Savings; C. Regulatory Restrictions; 1. Regulatory Restrictions of Latin American Pension Funds; D. Other Reasons for Asset Shortages in EMs; IV. Theoretical Model; V. Asset Shortage Index; 2. Flow of Funds of Assets; 2. Asset Shortage Index; 3. Asset Issuance by Region, 1990-2009
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
Form Of Item

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