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Spillovers to low-income countries : importance of systemic emerging markets

Dabla-Norris, Era; Espinoza, Raphael; Jahan, Sarwat - 2012

Persistent link: https://www.econbiz.de/10009572531

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

Spillovers to Low-Income Countries : Importance of Systemic Emerging Markets

Dabla-Norris, Era - 2012

This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of ""Emerging Market leaders"" that have become major players in regional and global trade and financial flows. VAR models show that these linkages have increased the share of growth...

Persistent link: https://www.econbiz.de/10014396953

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

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

Have Institutional Investors Destabilized Emerging Markets?

Aitken, Brian J. - 1996

In the past few years there has been a large increase in portfolio capital flows into emerging markets, mostly fueled by mutual funds and other institutional investors. Based on a simple variance ratio test, this paper finds that emerging stock markets as a group experienced a sharp increase in...

Persistent link: https://www.econbiz.de/10014396325

Institutional Investors and Asset Pricing in Emerging Markets

Buckberg, Elaine Karen - 1996

This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world’s major stock markets were unmoved. This phenomenon can be explained if investors follow a two-step portfolio...

Persistent link: https://www.econbiz.de/10014397925

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

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

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

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