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Emerging market portfolio flows : the role of benchmark-driven investors

Arslanalp, Serkan; Tsuda, Takahiro - 2015

Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called 'benchmark effect.' This paper finds that benchmark-driven investors indeed play a large role in a key segment of the...

Persistent link: https://www.econbiz.de/10011445830

Financial Spillovers to Emerging Markets during the Global Financial Crisis

Frank, Nathaniel - 2009

In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these...

Persistent link: https://www.econbiz.de/10012677776

Tracking Global Demand for Emerging Market Sovereign Debt

Arslanalp, Serkan - 2014

This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced economies (Arslanalp and Tsuda, 2012). The estimates are constructed on a quarterly basis from...

Persistent link: https://www.econbiz.de/10014411133

Financial Spillovers to Emerging Markets During the Global Financial Crisis

Frank, Nathaniel - 2009

Persistent link: https://www.econbiz.de/10014403188

The effectiveness of central bank interventions during the first phase of the subprime crisis

Frank, Nathaniel; Hesse, Heiko - 2009

Persistent link: https://www.econbiz.de/10003901620

Tracking global demand for emerging market sovereign debt

Arslanalp, Serkan; Tsuda, Takahiro - 2014

Persistent link: https://www.econbiz.de/10010359857

Tracking global demand for advanced economy sovereign debt

Arslanalp, Serkan (contributor); Tsuda, Takahiro (contributor) - 2012

from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …

Persistent link: https://www.econbiz.de/10009678886

The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis

Hesse, Heiko - 2009

This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the...

Persistent link: https://www.econbiz.de/10012677877

Tracking Global Demand for Advanced Economy Sovereign Debt.

Arslanalp, Serkan - 2012

from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on … Base Estimates -- A. Overview -- B. Estimation Methodology for Each Investor Type -- C. Robustness Checks and Adjustments … Consolidated Basis for Non-European Countries, end-2011 -- 4. Valuation of Debt Securities in Various Databases -- 5. Estimation of …

Persistent link: https://www.econbiz.de/10012690158

Tracking Global Demand for Advanced Economy Sovereign Debt

Arslanalp, Serkan - 2012

from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …

Persistent link: https://www.econbiz.de/10014395524