Author Description

Over the past few decades, world stock markets have surged and emerging markets have contributed significantly to this boom. In Africa, new stock markets have been created in a number of countries. This book examines the impact of stock market development on economic growth in Africa. In addition to the macroeconomic links between stock markets and growth, the book throws some light on the corporate finance impacts of the development of the stock market. The book also studies the determinants of stock market development in Africa and discusses a new approach for deepening African stock markets.This book is an indispensable resource for graduate and advanced undergraduate students as well as researchers in corporate finance and financial and development economics. Financial market regulators and policy makers in Africa will also find this book an important guide.