It Is Time to Reexamine the Role of Stock Markets in Developing Economies
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Although the many perceived benefits of a stock market may have led to their rapid formation and development aspirations across economies, emerging findings that stock markets may not be as useful as previously thought, even a detraction in the case of some developing economies, raises the question of how practical stock markets may be in different situations. In light of the foregoing and using Fiji as an example, this study argues that it is indeed time to reexamine the role of stock markets in developing economies with a view to restructuring the financial system for improved efficiency and effectiveness.
Journal of Asia-Pacific Business
Copyright 2012 Taylor & Francis. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal website for access to the definitive, published version.