Effects on capital market of Mongolia after subsequent crashes of financial harks Although no direct effect can be calculated on the subsequent crashes of financial giants such as Lehman Brothers and Bear Stearns earlier on Mogolian capital market , long term effects may overshadow the economy in the future. Mongolian capital market is not heavily dependent on the foreign financial institutions, therefore, it is likely to be unaffected by the events for the short-term. However, Mongolia’s rich mineral resources will definitely play central role in the rapid economic growth in the future as many foreign investors are paying close attention to the Parliament action to be taken on the amendments. Frontier Securities
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