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How Important are Spillovers from Major Emerging Markets?
Huidrom, Raju - 2017
The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey -- constituted more than one-quarter of global output and more than half of global output growth during 2010-15. These emerging markets, called EM7, are also closely integrated with other...
Persistent link: https://www.econbiz.de/10012954309
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Adding Space to the International Business Cycle
Abate, Girum Dagnachew - 2019
linkages or geographic distance. The latent global factor shows a strong positive correlation with worldwide TFP growth …
Persistent link: https://www.econbiz.de/10012889889
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Swept by the Tide? The International Comovement of Capital Flows
Fernandez Lafuerza, Luis Gonzalo - 2019
This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing aggregate inflows and outflows. It uses as empirical framework a multilevel latent factor model, implemented on flow data for a large sample of countries over more than three decades....
Persistent link: https://www.econbiz.de/10012889898
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Global Inflation Synchronization
Ha, Jongrim - 2019
The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
Persistent link: https://www.econbiz.de/10012891045
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Macroeconomic Volatility after Trade and Capital Account Liberalization
Pancaro, Cosimo - 2017
What are the equilibrium effects of trade and capital liberalization on consumption smoothing? This question is addressed by studying the response to productivity shocks in a baseline two country, two goods, incomplete market model, where foreign borrowing is secured by collateral. The paper...
Persistent link: https://www.econbiz.de/10012976346
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A New Tail-Based Correlation Measure and its Application in Global Equity Markets
Liu, Jinjing - 2019
The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure … focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the … existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …
Persistent link: https://www.econbiz.de/10012894654
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Strategic Information Revelation and Capital Allocation
Pedraza, Alvaro - 2017
positive correlation between the quality of managerial information and stock price informativeness. Contrary to the …
Persistent link: https://www.econbiz.de/10012972929
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The Quality of Budget Execution and its Correlates
Addison, Douglas M. - 2017
What determines the quality of budget execution around the world, measured in terms of a government's ability to accurately hit its own revenue and expenditure targets? The answers could be relevant to the topics of macroeconomic stability, national development, public service delivery, and...
Persistent link: https://www.econbiz.de/10012973871
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New Rural Access Index : Main Determinants and Correlation to Poverty
Iimi, Atsushi - 2017
Transport connectivity is essential to sustain inclusive growth in developing countries, where many rural populations and businesses are still considered to be unconnected to the domestic, regional, or global market. The Rural Access Index is among the most important global indicators for...
Persistent link: https://www.econbiz.de/10012967482
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International Financial Integration of East Asia and Pacific
Didier, Tatiana - 2018
This paper provides a comprehensive analysis of how economies in the East Asia and Pacific (EAP) region have been integrating financially with the rest of the world since the 1990s, using bilateral data on portfolio investments, syndicated bank loans, mergers and acquisitions (M&As), and...
Persistent link: https://www.econbiz.de/10012935816