Institutional Investors, Contractual Savings and Capital Market Development in Egypt, Jordan, Morocco, and Tunisia
This chapter looks at the development of contractual savings and institutional investors in Egypt, Jordan, Morocco, and Tunisia (EJMT), and their links with the development of equity markets. The chapter identifies four major potential contributions of contractual savings to capital market developme...
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Published in | Money and Finance in the Middle East: Missed Oportunities or Future Prospects? Vol. 6; pp. 43 - 65 |
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Main Authors | , |
Format | Book Chapter |
Language | English |
Published |
Emerald Group Publishing Limited
2005
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Online Access | Get full text |
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Summary: | This chapter looks at the development of contractual savings and institutional investors in Egypt, Jordan, Morocco, and Tunisia (EJMT), and their links with the development of equity markets. The chapter identifies four major potential contributions of contractual savings to capital market development as well as “impact pre-conditions” that can help them obtain. It concludes that contractual savings and institutional investors are neither necessary nor sufficient for the development of equity and bond markets. Nevertheless with certain conditions in place they can have a large impact. The presence of these conditions in EJMT are assessed. |
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ISBN: | 0762312165 9780762312160 |
ISSN: | 1094-5334 |
DOI: | 10.1016/S1094-5334(05)06003-6 |