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The Spillover Effects of a Downturn in Chinaâ€™s Real Estate Investment

Ahuja, Ashvin; Myrvoda, Alla - International Monetary Fund (IMF) - 2012

Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sectorâ … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real …€™s trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China …

Persistent link: https://www.econbiz.de/10011142057

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

Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets

Fund, International Monetary - 2009

This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility … markets are found to a¤ect both conditional returns and volatility, with the e¤ects on volatility being more pronounced and …

Persistent link: https://www.econbiz.de/10012677485

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

Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization

Schmukler, Sergio L.; Kaminsky, Graciela Laura - International Monetary Fund (IMF) - 2003

We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...

Persistent link: https://www.econbiz.de/10005826221

Taxing Financial Transactions; An Assessment of Administrative Feasibility

Brondolo, John - International Monetary Fund (IMF) - 2011

This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines...

Persistent link: https://www.econbiz.de/10009203525

Taxing Financial Transactions; Issues and Evidence

Matheson, Thornton - International Monetary Fund (IMF) - 2011

In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence...

Persistent link: https://www.econbiz.de/10008876594

International Mutual Funds, Capital Flow Volatility, and Contagion-A Survey

Gelos, Gaston - International Monetary Fund (IMF) - 2011

Gaining a better understanding of the behavior of international investors is key for informing the debate about the optimal response to capital flows and about reforms to the international financial architecture. In this context, recent research on the behavior of international mutual funds at...

Persistent link: https://www.econbiz.de/10009019586

Sovereign Rating News and Financial Markets Spillovers; Evidence From the European Debt Crisis

Candelon, Bertrand; Sy, Amadou N. R.; Arezki, Rabah - International Monetary Fund (IMF) - 2011

This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects both across countries and financial markets. The...

Persistent link: https://www.econbiz.de/10009019600

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