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Small African Stock Markets—The Case of the Lusaka Stock Exchange

Author

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  • Ms. Heloisa Marone

Abstract

In trend with a global pattern and following recommendations of the World Bank and the International Finance Corporation (IFC), the number of stock markets in African countries has increased dramatically over the last ten years. Despite a scarcity of studies on the impact of stock markets on these economies, some policymakers have been arguing in favor of stock exchanges (national or regional) in eastern and southern Africa. The creation of such exchanges may be a premature project as they might lack an actual economic rationale. The present case study, for instance, suggests that the Lusaka Stock Exchange (LuSE) has little effect on the larger Zambian economy.

Suggested Citation

  • Ms. Heloisa Marone, 2003. "Small African Stock Markets—The Case of the Lusaka Stock Exchange," IMF Working Papers 2003/006, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2003/006
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16229
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    Citations

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    Cited by:

    1. Dr Samamba, Lennox Trivedi, PhD—Law, 2023. "Legal Aspects of Securities Exchange Listing—The Case of African Securities Exchanges, and the Alternative Investment Market," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(2), pages 538-565, February.
    2. Anthony M. Simpasa & Boaz Nandwa & Tiguéné Nabassaga, 2014. "Working Paper - 211 - Bank Lending Channel of Monetary Policy Transmission in Zambia: Evidence from Bank-Level Data," Working Paper Series 2147, African Development Bank.
    3. Alssadek, Marwan & Benhin, James, 2023. "Natural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries," Resources Policy, Elsevier, vol. 84(C).
    4. Peter Kragelund, 2009. "Knocking on a Wide-open Door: Chinese Investments in Africa," Review of African Political Economy, Taylor & Francis Journals, vol. 36(122), pages 479-497, December.
    5. Bruce Hearn & Jenifer Piesse, 2008. "Opportunities And Costs Of Portfolio Diversification In Sadc'S Smallest Equity Markets," South African Journal of Economics, Economic Society of South Africa, vol. 76(3), pages 399-426, September.

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