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European Union Enlargement and Equity Markets in Accession Countries
Podpiera, Richard; Dvorák, Tomás - International Monetary Fund (IMF) - 2005
The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the...
Persistent link: https://www.econbiz.de/10005768729
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Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani; Patnaik, Ila - International Monetary Fund (IMF) - 2013
consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10010790416
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Foreign Investors Under Stress; Evidence from India
Patnaik, Ila; Shah, Ajay; Singh, Nirvikar - International Monetary Fund (IMF) - 2013
focused on tail events, which yields evidence on these questions. The results, for India, do not suggest that financial …
Persistent link: https://www.econbiz.de/10011242270