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Revised System for the Classification of Exchange Rate Arrangements

Kokenyne, Annamaria - 2009

Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange … rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper … objectivity of classifications across countries, expedite the classification process, conserve resources, and improve transparency …

Persistent link: https://www.econbiz.de/10012677881

Too much finance?

Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...

Persistent link: https://www.econbiz.de/10009618521

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

Financial Spillovers to Emerging Markets during the Global Financial Crisis

Frank, Nathaniel - 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/10012677776

Spillovers to Emerging Equity Markets

Sun, Tao - 2009

This paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an...

Persistent link: https://www.econbiz.de/10012677779

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

Stock Market and the Financing of Corporate Growth in Africa : The Case of Ghana

Yartey, Charles Amo - 2006

Intro -- Contents -- I. INTRODUCTION -- II. THEORIES OF CORPORATE FINANCE -- III. CORPORATE FINANCING PATTERNS AROUND THE WORLD -- IV. THE STOCK MARKET IN GHANA -- V. METHODOLOGY -- VI. EMPIRICAL RESULTS -- VII. THE RESULTS IN COMPARATIVE PERSPECTIVE -- VIII. SUMMARY AND CONCLUSIONS -- APPENDIX...

Persistent link: https://www.econbiz.de/10012691158

Currency Risk Premia in Global Stock Markets.

Roache, Shaun K - 2006

Intro -- Contents -- I. INTRODUCTION -- II. PREVIOUS LITERATURE -- III. MODEL SPECIFICATION -- IV. ESTIMATION -- V. DATA AND PRELIMINARY STATISTICS -- VI. MAIN RESULTS -- VII. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691179

Jordanian Stock Market--Should You Invest in it for Risk Diversification or Performance?.

Petri, Martin - 2006

Intro -- Contents -- I. INTRODUCTION -- II. MAJOR DEVELOPMENTS OF THE JORDANIAN CAPITAL MARKET -- III. LINKAGES OF THE ASE TO MAJOR ARAB, EMERGING, AND DEVELOPED STOCK MARKETS -- IV. STRENGTHS, VULNERABILITIES, AND MACROECONOMIC LINKAGES OF THE ASE -- V. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691194

Financial Integration: A New Methodology and an Illustration

Flood, Robert P. - 2004

Persistent link: https://www.econbiz.de/10014275662

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