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Stock returns and inflation redux : an explanation from monetary policy in advanced and emerging markets
Zhang, Zhongxia - 2021
Classical theories of monetary economics predict that real stock returns are negatively correlated with inflation when monetary policy is countercyclical. Previous empirical studies mostly focus on a small group of developed countries or a few countries with hyperinflation. In this paper, I...
Persistent link: https://www.econbiz.de/10012796818
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Bank Rating Changes and Bank Stock Returns : Puzzling Evidence From the Emerging Markets
Richards, Anthony J. - 1999
This paper examines the performance of emerging market bank stocks around the time of rating changes by major international agencies. The data suggest that downgrades on average have followed periods of negative cumulative abnormal returns for banks, although upgrades have not followed periods...
Persistent link: https://www.econbiz.de/10014400871
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An Anatomy of Corporate Bond Markets : Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat - 2005
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...
Persistent link: https://www.econbiz.de/10014400842
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Surging capital flows to emerging Asia : facts, impacts, and responses
Balakrishnan, Ravi; Nowak, Sylwia; Panth, Sanjaya; Wu, Yiqun - 2012
Persistent link: https://www.econbiz.de/10009615568
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Emerging market securities access to global plumbing
Choi, Gongpil; Ortega, Federico; Kumar, Manmohan S. - 2021
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10012604765
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Inflation dynamics and monetary policy transmission in Vietnam and emerging Asia
Bhattacharya, Rina - 2013
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role does monetary policy play? and (ii) why has inflation in...
Persistent link: https://www.econbiz.de/10012667557
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Spillovers from Japan's unconventional monetary policy to emerging Asia : a global VAR approach
Ganelli, Giovanni; Tawk, Nour - 2016
emerging Asia.1 Our main result is that, despite an appreciation of their currencies vis-a-vis the yen, the impact on emerging … Asia's GDP tended to be positive and significant. Our results suggest that the positive effect of QQE on expectations, by …
Persistent link: https://www.econbiz.de/10011711367
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Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia
Sandri, Damiano - 2011
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to … emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in … Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the …
Persistent link: https://www.econbiz.de/10011779741
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Inflation co-movement in emerging and developing Asia : the monsoon effect
Blagrave, Patrick - 2019
Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to … developing economies, in Asia at least …
Persistent link: https://www.econbiz.de/10012102097
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The financial inclusion landscape in the Asia-Pacific region : a dozen key findings
Jahan, Sarwat; De, Jayendu; Jamaludin, Fazurin; … - 2019
inclusion with varying degrees of results. The heterogeneity of financial inclusion is particularly striking in the Asia … this paper is to take stock of the current state of financial inclusion in the Asia-Pacific region by highlighting twelve …
Persistent link: https://www.econbiz.de/10012102214