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Regional Financial Interlinkages and Financial Contagion within Europe

Ötker, Inci - 2009

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these … channels of contagion through financial linkages; and assesses the magnitude of cross-border exposures between emerging and … regional contagion that could help identify the likely pressure points and capture potential spillover effects and propagation …

Persistent link: https://www.econbiz.de/10014404299

International mutual funds, capital flow volatility, and contagion : a survey

Gelos, Gaston - 2011

Persistent link: https://www.econbiz.de/10009486299

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

Gelos, Gaston - 2011

pronounced during volatile times. Portfolio rebalancing mechanisms are clearly important in explaining contagion patterns, even …

Persistent link: https://www.econbiz.de/10014400976

Modeling with Macro-Financial Linkages : Credit and Policy Shocks in Emerging Markets

Benes, Jaromir - 2009

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...

Persistent link: https://www.econbiz.de/10014402486

Capital flows at risk : taming the ebbs and flows

Gelos, Gaston; Gornicka, Lucyna; Koepke, Robin; Sahay, Ratna - 2019

The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global...

Persistent link: https://www.econbiz.de/10012155045

Changes in the global investor base and the stability of portfolio flows to emerging markets

Brandao Marques, Luis; Gelos, Gaston; Ichiue, Hibiki; … - 2015

An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds. Flows from retail, open-end, and offshore funds are more...

Persistent link: https://www.econbiz.de/10011445594

Monetary policy transmission in emerging markets and developing economies

Brandao Marques, Luis; Gelos, Gaston; Harjes, Thomas; … - 2020

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often...

Persistent link: https://www.econbiz.de/10012177610

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries : A Cross Regional Perspective

Ötker, Inci - 2009

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...

Persistent link: https://www.econbiz.de/10014402575

Important Elements for Inflation Targeting for Emerging Economies

Ötker, Inci - 2010

This is the fifth chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It examines whether certain conditions have to be met before emerging economies can adopt an inflation-targeting regime and...

Persistent link: https://www.econbiz.de/10014402797

A Panic-Prone Pack? : The Behavior of Emerging Market Mutual Funds

Gelos, Gaston - 2000

This paper explores the behavior of emerging market mutual funds using a novel database covering the holdings of individual funds over the period January 1996 to March 1999. An examination of individual crises shows that, on average, funds withdrew money one month prior to the events. The degree...

Persistent link: https://www.econbiz.de/10014403436