Narrow search
Showing 1 - 10 of 1,281
Cover Image
Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective
Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and...
Persistent link: https://www.econbiz.de/10009369441
Cover Image
Financial Spillovers to Emerging Markets During the Global Financial Crisis
Frank, Nathaniel; Hesse, Heiko - International Monetary Fund (IMF) - 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/10008528671
Cover Image
Financial Cycles; What? How? When?
Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2011
This paper provides a comprehensive analysis of financial cycles using a large database covering 21 advanced countries over the period 1960:1-2007:4. Specifically, we analyze cycles in credit, house prices, and equity prices. We report three main results. First, financial cycles tend to be long...
Persistent link: https://www.econbiz.de/10009019580
Cover Image
How Do Business and Financial Cycles Interact?
Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2011
This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial...
Persistent link: https://www.econbiz.de/10009019595
Cover Image
The Jordanian Stock Market; Should You Invest in it for Risk Diversification or Performance?
Petri, Martin; Saadi-Sedik, Tahsin - International Monetary Fund (IMF) - 2006
cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk …
Persistent link: https://www.econbiz.de/10005263988
Cover Image
Financial Market Spillovers in Transition Economies
Sahay, Ratna; Gelos, Gaston - International Monetary Fund (IMF) - 2000
This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....
Persistent link: https://www.econbiz.de/10005826010
Cover Image
Stock Returns and Output Growth in Emerging and Advanced Economies
Mauro, Paolo - International Monetary Fund (IMF) - 2000
This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market … economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced …, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly …
Persistent link: https://www.econbiz.de/10005769095
Cover Image
Global and Regional Spillovers to GCC Equity Markets
Sedik, Tahsin Saadi; Williams, Oral - International Monetary Fund (IMF) - 2011
This paper analyzes the impact of global and regional spillovers to GCC equity markets. GCC equity markets were impacted by spillovers from U.S. equity markets despite varying degrees of foreign participation. Spillovers from regional equity markets were also important but the magnitude of the...
Persistent link: https://www.econbiz.de/10009151201
Cover Image
Monetization in Low- and Middle-Income Countries
Kinoshita, Noriaki; McLoughlin, Cameron - International Monetary Fund (IMF) - 2012
The degree of an economy’s monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal...
Persistent link: https://www.econbiz.de/10011142100
Cover Image
India; Selected Issues
International Monetary Fund (IMF); International … - 2009
Despite the external origin of the financial crisis, the potential impact on India’s corporate sector could be large, as India has become increasingly integrated with the global economy in the past decade. The Selected Issues paper discusses India’s economic development and...
Persistent link: https://www.econbiz.de/10011244625