Demirguc-Kunt, Asli; Levine, Ross - Economics Research, World Bank Group - 1995
World stock markets are booming. Between 1982 and 1993, stock market capitalization grew from $2 trillion to $10 trillion, an average 15 percent a year. A disproportionate amount of this growth was in emerging stock markets, which rose from 3 percent of world stock markets capitalization to 14...