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Financial Integration: A New Methodology and an Illustration
Flood, Robert P. - 2004
Persistent link: https://www.econbiz.de/10014275662
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Currency Risk Premia in Global Stock Markets
Merritt, Matthew D.; Roache, Shaun K. - International Monetary Fund (IMF) - 2006
Large fundamental imbalances persist in the global economy, with potential exchange rate implications. This paper assesses whether exchange rate risk is priced across G-7 stock markets. Given the multitude of hedging instruments available, theory suggests that stock market investors should not...
Persistent link: https://www.econbiz.de/10005826109
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Price Volatility and Financial Instability
Leon, H. L.; Worrell, DeLisle - International Monetary Fund (IMF) - 2001
Statistical measures of the volatility of exchange rates, interest rates, and stock prices are estimated for a number … of countries. Periods of high volatility are identified and compared with periods of financial difficulty. The results … indicate that GARCH models of volatility could be potentially useful in assessing financial soundness. Daily data are more …
Persistent link: https://www.econbiz.de/10005769324
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RMB Internationalization; O+L5022nshore/Offshore Links
Maziad, Samar; Kang, Joong Shik - International Monetary Fund (IMF) - 2012
volatility spillovers between two markets. Overtime, those spillover channels would be expected to grow as the offshore market …
Persistent link: https://www.econbiz.de/10011242289
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Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand
Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012
We present empirical evidence that the Thai baht’s value is driven in part by investors’ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005...
Persistent link: https://www.econbiz.de/10011142113
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Exchange rate fluctuations and international portfolio rebalancing in Thailand
Gyntelberg, Jacob; Loretan, Mico; Subhanij, Tientip - 2012
We present empirical evidence that the Thai baht's value is driven in part by investors' cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006....
Persistent link: https://www.econbiz.de/10009621634
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Too much finance?
Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012
they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regul …
Persistent link: https://www.econbiz.de/10009618521
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Asian Equity Markets : Growth, Opportunities, and Challenges
Oura, Hiroko - 2006
Intro -- Contents -- I. THE EMERGENCE OF ASIAN STOCK MARKETS -- II. PERFORMANCE OF ASIAN EMERGING STOCK MARKETS -- III. ARE ASIAN MARKETS OVERHEATING? -- IV. EQUITY PRICES AND ECONOMIC ACTIVITY -- V. POLICY IMPLICATIONS -- APPENDIX I: THE DEVELOPMENT OF EQUITY DERIVATIVES MARKETS IN ASIA --...
Persistent link: https://www.econbiz.de/10012690965
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Determinants and Repercussions of the Composition of Capital Inflows
Carlson, Mark S.; Hernández, Leonardo - International Monetary Fund (IMF) - 2002
The Mexican, Asian, and Russian crises of the mid- and late 1990s have renewed interest among policymakers in the determinants and effects of private capital inflows. This paper analyzes whether policies can affect the composition of capital inflows and whether different compositions aggravate...
Persistent link: https://www.econbiz.de/10005263866
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Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia
Clements, Benedict J.; Kamil, Herman - International Monetary Fund (IMF) - 2009
controls have significantly increased the volatility of the exchange rate. Additional research is needed to assess the effects …
Persistent link: https://www.econbiz.de/10005264048