Ho, Sin-Yu; Odhiambo, Nicholas M. - In: Journal of Financial Economic Policy 12 (2019) 2, pp. 185-207
Purpose: The purpose of this paper is to examine the macroeconomic drivers of stock market development in Hong Kong during the period 1992Q4-2016Q3. Specifically, it investigates the impact of banking sector development, economic growth, inflation rate, exchange rate, trade openness and stock...