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The Capital Markets of Emerging Europe; Institutions, Instruments and Investors
Ong, Li L.; Iorgova, Silvia - International Monetary Fund (IMF) - 2008
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...
Persistent link: https://www.econbiz.de/10005264095
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An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets …. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both …
Persistent link: https://www.econbiz.de/10005264116
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Capital Market Integration; Progress Ahead of the East African Community Monetary Union
Yabara, Masafumi - International Monetary Fund (IMF) - 2012
currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional …
Persistent link: https://www.econbiz.de/10009650621
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Are there Spillover Effects From Munis?
Candelon, Bertrand; Arezki, Rabah; Sy, Amadou N. R. - International Monetary Fund (IMF) - 2011
This paper studies the spillover effects both within the bond markets for individual U.S. states and between the latter … and the market for U.S. Treasury securities. We perform the Forbes and Rigobon (2002) spillover test using daily bond … find that the Treasury bond market directly causes changes in the markets for municipal bonds in both the short and long …
Persistent link: https://www.econbiz.de/10009401195
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International Capital Crunches; The Time-Varying Role of Informational Asymmetries
Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
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The Russian Default and the Contagion to Brazil
Baig, Taimur; Goldfajn, Ilan - International Monetary Fund (IMF) - 2000
This paper investigates the contagion from Russia to Brazil in late 1998 under two dimensions— players involved and the timing of events. The data does not seem to reflect a compensatory liquidation of assets story by international institutional investors. It does contribute, however, to the...
Persistent link: https://www.econbiz.de/10005825760
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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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Financial Implications of the Shrinking Supply of U.S. Treasury Securities
Schinasi, Garry J.; Smith, T. Todd; Kramer, Charles … - International Monetary Fund (IMF) - 2001
Recent improvements in fiscal positions in advanced countries have sharply curtailed the issuance of government securities and created the possibility that government securities could disappear in some countries. The possibility that this might occur in the United States has attracted the most...
Persistent link: https://www.econbiz.de/10005826085
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A Primeron Sovereign Debt Buybacks and Swaps
Polan, Magdalena; Ramlogan, Parmeshwar; Medeiros, Carlos I. - International Monetary Fund (IMF) - 2007
This paper sets forth some basic principles that could help debt managers in emerging market and other countries to …
Persistent link: https://www.econbiz.de/10005826410
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Portfolio Flows Into India; Do Domestic Fundamentals Matter?
Gupta, Poonam; Gordon, James P. F. - International Monetary Fund (IMF) - 2003
This paper analyzes the factors affecting portfolio equity flows into India using monthly data. Flows to India are small compared to other emerging markets, but seem to be relatively less volatile. They also seem to be quite resilient. The paper shows that portfolio flows are determined by both...
Persistent link: https://www.econbiz.de/10005826441