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Changes in REIT liquidity 1988 - 2007: Evidence from daily data

Cannon, Susanne E.; Cole, Rebel A. - Volkswirtschaftliche Fakultät, … - 2008

In this study, we present panel-data evidence on REIT liquidity and its determinants over the 1988 – 2007 period. We … focus upon liquidity measures that do not require micro-structure data (1) to facilitate use of our results as benchmarks … benchmarks that do not require access to costly (and voluminous) micro-structure data. We find that REIT liquidity improved …

Persistent link: https://www.econbiz.de/10008615006

Capital Account Liberalization and Financial Sector Stability

International Monetary Fund (IMF); International … - 2002

Persistent link: https://www.econbiz.de/10005824821

Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization

Schmukler, Sergio L.; Kaminsky, Graciela Laura - International Monetary Fund (IMF) - 2003

We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...

Persistent link: https://www.econbiz.de/10005826221

Managing Risks in Financial Market Development; The Role of Sequencing

International Monetary Fund (IMF); International … - 2003

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10005768863

Reaping the Benefits of Financial Globalization

Dell'Ariccia, Giovanni; Mauro, Paolo; Faria, André; … - International Monetary Fund (IMF) - 2008

principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …

Persistent link: https://www.econbiz.de/10010790496

Uganda; Selected Issues

International Monetary Fund (IMF); International … - 2009

This Selected Issues paper on Uganda discusses the progress toward harmonization of capital account regulations and capital market integration. A unified East African Community financial market would offer several benefits to the regional economy. It would expand the opportunities for savings...

Persistent link: https://www.econbiz.de/10011243570