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Riding global financial waves : the economic impact of global financial shocks on emerging market economies

Adler, Gustavo; Tovar, Camilo Ernesto - 2012

Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...

Persistent link: https://www.econbiz.de/10009620968

Financial Contagion and Investor ""Learning"" : An Empirical Investigation

Basu, Ritu - 2002

There have been several episodes of financial market ""contagion"" in the 1990s. Is contagion driven by herd behavior …? Does it reflect fundamental economic linkages between countries? Or are episodes of contagion driven by investor learning … spillover of shocks following the bond market developments in Hong Kong SAR in 1997. Our results suggest that this contagion, at …

Persistent link: https://www.econbiz.de/10014399724

Riding Global Financial Waves : The Economic Impact of Global Financial Shocks on Emerging Market Economies

Adler, Gustavo - 2012

Persistent link: https://www.econbiz.de/10014395685

Global Bonding : Do U.S. Bond and Equity Spillovers Dominate Global Financial Markets?

Bayoumi, Tamim - 2012

This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks reverberate around the world much more strongly...

Persistent link: https://www.econbiz.de/10014395332

Financial Market Spillovers in Transition Economies

Sahay, Ratna - 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/10014399957

Determinants of Financial Market Spillovers : The Role of Portfolio Diversification, Trade, Home Bias, and Concentration

Shinagawa, Yoko - 2014

This paper defines financial market spillovers as the comovement between two countries’ financial markets and analyzes financial market spillovers over the period 2001-12 through four channels: bilateral portfolio investment, bilateral trade, home bias, and country concentration. The paper...

Persistent link: https://www.econbiz.de/10014411677

Emerging market local currency bond yields and foreign holdings in the post-Lehman period : a fortune or misfortune?

Ebeke, Christian; Lu, Yinqiu - 2014

Persistent link: https://www.econbiz.de/10010389595

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

Emerging Market Local Currency Bond Yields and Foreign Holdings in the Post-Lehman Period : A Fortune or Misfortune?

Ebeke, Christian - 2014

The paper shows that foreign holdings of local currency government bonds in emerging market countries (EMs) have reduced bond yields but have somewhat increased yield volatility in the post-Lehman period. Econometric analyses conducted from a sample of 12 EMs demonstrate that these results are...

Persistent link: https://www.econbiz.de/10014394303

Local currency bond markets law reform : a methodology for emerging markets and developing economies

Bossu, Wouter; Hillier, Cory; Bergthaler, Wolfgang - 2020

Recent financial crises including the ongoing one caused by the COVID-19 pandemic have consistently drawn attention to the need to strengthen the quality of public debt management in emerging markets and developing countries. Deeper and more efficient domestic government debt markets-being, a...

Persistent link: https://www.econbiz.de/10012392641