| Description |
1 online resource (44 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/97/117 |
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IMF working paper ; WP/97/117.
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| Summary |
This paper analyzes the general relationship between stock prices and macroeconomic variables in Zimbabwe, and examines how well macroeconomic variables explain recent movements in stock prices. Two consecutive excellent harvests and large inflows of foreign capital have boosted the Zimbabwe Stock Exchange (ZSE) since 1995, which now has become the second biggest market in Africa after the Johannesburg Stock Exchange. However, market liberalization policies seem to have changed the arbitrage relationship between stock returns and returns on other assets and goods, and sharp increases in stock prices in 1996 have caused some concern among foreign investors |
| Bibliography |
Includes bibliographical references (pages 43-44) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Stocks -- Prices -- Zimbabwe
|
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Stock exchanges -- Zimbabwe
|
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Stock exchanges
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Stocks -- Prices
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Zimbabwe
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| Form |
Electronic book
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| Author |
International Monetary Fund. Policy Development and Review Department.
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| ISBN |
1283562847 |
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9781283562843 |
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1451899394 |
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9781451899399 |
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1462323685 |
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9781462323685 |
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1452760322 |
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9781452760322 |
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9786613875297 |
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6613875295 |
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9781451941616 |
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1451941617 |
|
