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The Role of Financial Variables in Predicting Economic Activity in the Euro Area
Lombardi, Marco; Espinoza, Raphael A.; Fornari, Fabio - International Monetary Fund (IMF) - 2009
that one should not discard, on the basis of RMSE statistics, the use of predictive models that include financial variables …
Persistent link: https://www.econbiz.de/10008540921
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Regional Financial Integration in the Caribbean; Evidence From Financial and Macroeconomic Data
Kwon, Goohoon; Espinoza, Raphael A. - International Monetary Fund (IMF) - 2009
This paper assesses the extent of regional financial integration in the Caribbean Community (CARICOM) by analyzing equity prices in the region and rigidity of external financing constraints. The results are presented in a cross-regional perspective. The Caribbean stock markets are not as well...
Persistent link: https://www.econbiz.de/10008528700