00590nam a2200085Ia 4500100001700000245004700017260000900064520041200073583001900485  aLEVINE, Ross  aStock markets : a spur to economic growth.  c1996  aNotes that stock markets affect economic activity through the creation of liquidity.  Greater stock market liquidity in developing countries is linked to a rise in the amount of capital raised through bonds and bank loans.  Suggests that policy makers should consider reducing impediments to stock market development, and a good place to start would be by easing restrictions on international capital flows.  c3/7/00kM2LMGR