Political Regimes, Financial Market Institutions and Stability in Asia

Abstract

How much does the type of government in a country affect the shape of its stock market? Are non-democratic regimes more likely to produce unstable financial markets? To begin answering these questions, Mary Cooper plans to compare the stock markets of China, India and Taiwan. China and India not only have experienced dramatically booming stock markets in recent years, but also are among the world's fastest-growing economies and are both of great strategic importance to the United States. Taiwan is smaller, but its complicated history and ongoing tensions with China make it significant.