4  Size of capital markets in selected emerging regions (ratios to GDP)  Bank credit to the private sector  Domestic debt securities issued by the private sector  Stock market capitalization  3.0 CEE countries (1) (2)  Emerging Asia (1) (3)  2.5  2.0  1.5  1.0  0.5  0.0 1996  2007  1996  2007  Sources: our calculations based on data from BIS, IMF, national statistics and Datastream.
‘Business’ includes producer enterprises (corporate and non-corporate), private non-profit institutions serving households and financial intermediaries. Producer enterprises make up most of the gross saving and investment in ‘business’.