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Global Market Conditions and Systemic Risk

González-Hermosillo, Brenda; Hesse, Heiko - International Monetary Fund (IMF) - 2009

This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a...

Persistent link: https://www.econbiz.de/10008460596

Characterizing Global Investors' Risk Appetite for Emerging Market Debt During Financial Crises

González-Hermosillo, Brenda; Martin, Vance; Dungey, Mardi - International Monetary Fund (IMF) - 2003

The effects of unanticipated movements in global risk on nine emerging bond markets are investigated. The components of global risk are volatility, credit, and liquidity risks. Country and contagion risks are also studied individually. A historical decomposition of bond spreads is used to...

Persistent link: https://www.econbiz.de/10005768985

Investorsâ€™ Risk Appetite and Global Financial Market Conditions

González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008

A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature and developing countries during periods of financial stress in the last decade. The model identifies and quantifies the contribution on bond spreads from global market...

Persistent link: https://www.econbiz.de/10005769174

Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis

Hesse, Heiko; Frank, Nathaniel; González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...

Persistent link: https://www.econbiz.de/10005769187

Unanticipated Shocks and Systemic Influences; The Impact of Contagion in Global Equity Markets in 1998

González-Hermosillo, Brenda; Martin, Vance; Fry, Renee; … - International Monetary Fund (IMF) - 2003

August to September 1998 has been characterized as one of the worst episodes of global financial distress in decades. This paper investigates the transmission of the Russian and the LTCM crises through global equity markets using a panel of 14 developing and industrial countries. The results...

Persistent link: https://www.econbiz.de/10005769188

Alliance capitalism and corporate management : entrepreneurial cooperation in knowledge based economies

Dunning, John H. (contributor); Boyd, Gavin (contributor) - 2003

world trading system -- 7. corporate alliances and competition policies -- 8. alliance capitalism in Europe -- 9. EU growth …

Persistent link: https://www.econbiz.de/10012419978

Corporate governance and globalization : long range planning issues

Cohen, Stephen S. (ed.); Boyd, Gavin (ed.) - 2000

deepening integration in the world economy. These effects present challenges for governments, obliging them to focus … advocate increased international cooperation to promote more structural complementarities in the world economy …

Persistent link: https://www.econbiz.de/10014473744

Euro-Pacific investment and trade : strategies and structural interdependencies

Boyd, Gavin (ed.); Rugman, Alan M. (ed.) - 1997

financial integration of the world economy …

Persistent link: https://www.econbiz.de/10014473755

The World Trade Organization in the new global economy : trade and investment issues in the millennium round

Rugman, Alan M. (contributor); Boyd, Gavin (contributor) - 2001

Despite the disruption of the multilateral trade talks at Seattle in December 1999, the work of the World Trade … of the trends, problems and opportunities demanding attention in international trade negotiations …1. The World Trade Organization and the international political economy -- 2. Institutional development of the WTO -- 3 …

Persistent link: https://www.econbiz.de/10011850998