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Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both

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Page 1: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 2: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 3: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 4: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 5: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 6: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 7: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 8: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both
Page 9: Ethiopian Economic Association · capital market is normally used in connection with long term funds. In this paper, however, the term capital market shall be used to denote both

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