The tale of Iran’s stockmarket bubble is familiar—but also strange
There is more to it than savings having nowhere else to go
AROUND FIVE years ago emerging-market investors were greatly excited by the prospects for Iran’s stockmarket. The lifting of sanctions in exchange for limits on its nuclear programme was in sight. Exports of oil, Iran’s main source of foreign currency, would increase, boosting the economy. And there was the hope that Iran might soon be included in equity indices tracked by global investors. A surge of buying by foreigners would surely follow.
This article appeared in the Finance & economics section of the print edition under the headline “Persian version”
Finance & economics October 17th 2020
- The Nobel prize in economics rewards advances in auction theory
- Can China’s reported growth be trusted?
- Wall Street says it is braced for losses. Now what?
- Why securing debt forgiveness for poor countries is so hard
- Low interest rates leave savers with few good options
- The IMF predicts that the world economy will suffer from “long covid”
- The tale of Iran’s stockmarket bubble is familiar—but also strange
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