Similar Search Results

Correlation Analysis of Financial Contagion: What One Should Know Before Running a Test

Corsetti, Giancarlo; Pericoli, Marcello; Sbracia, Massimo - 2001

This paper builds a general test of contagion in financial markets based on bivariate correlation analysis a test … that can be interpreted as an extension of the normal correlation theorem. Contagion is defined as a structural break in … contagion is successful in controlling for a potential bias induced by changes in the variance of global shocks, current tests …

Persistent link: https://www.econbiz.de/10009444188

Financial integration in European equity markets: The final stage of Economic and Monetary Union (EMU) and its impact on capital markets

Worthington, Andrew C.; Katsuura, Masaki; Higgs, Helen - 2003

This paper examines the extent of financial integration in European equity markets before, during and after the adoption of the single currency on 1 January 1999. Two groups of European economies are examined. The first set comprises the Member States of the European Union (EU) that participated...

Persistent link: https://www.econbiz.de/10009438342

Price Linkages in Asian Equity Markets: Evidence Bordering the Asian Economic, Currency and Financial Crises

Worthington, Andrew C.; Katsuura, Masaki; Higgs, Helen - 2003

This paper examines price linkages among Asian equity markets in the period surrounding the recent Asian economic, financial and currency crises. Three developed markets (Hong Kong, Japan and Singapore) and six emerging markets (Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand)...

Persistent link: https://www.econbiz.de/10009438344

The Internationalization of Money and Finance and the Globalization of Financial Markets

Lothian, James R. - 2002

In this paper I combine long multi-country time series data for interest rates and stock returns with the institutional evidence for much earlier centuries amassed by economic historians to study the question of financial globalization and how it has altered since the late classical era. At...

Persistent link: https://www.econbiz.de/10009440670

Has International Financial Integration Increased?

Goldberg, Lawrence G.; Lothian, James R.; Okunev, John - 2002

This paper compares the behavior of real interest rate differentials across the major countries under the Bretton Woods regime and the regime of floating exchanges that replaced it. The primary object is to investigate both the extent of market integration and its changes over time. For all...

Persistent link: https://www.econbiz.de/10009440748

Cross-Border Securities Clearing and Settlement Infrastructure in the European Union as a Prerequisite to Financial Markets Integration: Challenges and Perspectives

de Carvalho, Cynthia Hirata - 2004

The importance of an efficient securities clearing and settlement system lies on the safer transfer of ownership of assets against payment. Such a system must be developed in a way to minimize the risks involved on securities transactions, and it must still offer lower costs, which do not hinder...

Persistent link: https://www.econbiz.de/10009442401

Three Essays In Open Economy Macroeconomics and Economic Development.

Suzuki, Yui - 2007

This dissertation focuses on issues related to economic globalization and its implications for the domestic economy. The first two chapters pertain to international financial integration, while the last chapter studies the impact of interprovincial migration in China as a result of...

Persistent link: https://www.econbiz.de/10009476554

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries

Rault, Christophe; Caporale, Guglielmo Maria; Amor, … - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10009477185

Globalization and Firms' Financing Choices: Evidence from Emerging Economies

Schmukler, Sergio; Vesperoni, Esteban - 2001

This paper studies the relation between firm's financing choices and financial globalization. Using an East Asian and Latin American firm-level panel for the 1980s and 1990s, we study how leverage ratios, debt maturity structure, and sources of financing change when economies are liberalized and...

Persistent link: https://www.econbiz.de/10009477460

Aplinkos veiksnių įtakos verslo ciklų sinchronizacijai vertinimas

Kamandulienė, Asta - 2012

Verslo ciklų sinchronizacijos reiškinio atpažinimas socialiniuose moksluose paskatino daugelio skirtingų sričių tyrėjų (fizikų, ekonofizikų, ekonomistų) domėjimąsi šiuo fenomenu. Kokie aplinkos veiksniai lemia šalių verslo ciklų sinchronizaciją ir kaip įvertinti šių...

Persistent link: https://www.econbiz.de/10009480125

1
2
3
4
5
6
7
8
9
10
Next
Last