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Financial integration into EU : the Romanian case
Bozkurt, İbrahim; Akman, Engin - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 269-285
The aim of this study is to investigate the determinants of integration between stock market of Romania and other stock markets of European Union (EU) countries. Correlations between the stock returns represent the level of integration between the stock markets. Empirical analysis are performed...
Persistent link: https://www.econbiz.de/10011842988
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Spillovers to Emerging Markets from US Economic News and Monetary Policy
Engler, Philipp; Piazza, Roberto; Sher, Galen - 2023
When the U.S. economy sneezes, do emerging markets catch a cold? We show that economic news, and not just monetary policy, in the United States affects financial conditions in emerging markets. News about U.S. employment has the strongest effects, followed by news about economic activity and...
Persistent link: https://www.econbiz.de/10014350292
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Effects of Emerging Market Asset Purchase Program Announcements on Financial Markets During the COVID-19 Pandemic
Sever, Can; Goel, Rohit; Drakopoulos, Dimitrios; … - 2021
The COVID-19 pandemic led many emerging market central banks to adopt, for the first time, unconventional policies in the form of asset purchase programs. In this study, we analyze the effects of these announcements on domestic financial markets using both event studies and local projections...
Persistent link: https://www.econbiz.de/10013250070
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The Pricing of Sovereign Risk and Contagion During the European Sovereign Debt Crisis
Beirne, John - 2014
debt crisis. It shows that a deterioration in countries' fundamentals and fundamentals contagion – a sharp rise in the … spreads during the crisis, not only for euro area countries but globally. By contrast, regional spill overs and contagion have … been less important, including for euro area countries. The paper also finds evidence for herding contagion – sharp …
Persistent link: https://www.econbiz.de/10013061742
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The financial connectedness between eurozone core and periphery : a disaggregated view
Magkonis, Georgios; Tsopanakis, Andreas - 2017
This paper examines the financial stress interconnectedness among GIIPS economies and Germany. Based on market level financial stress indices, it examines the stress transmission process as well as the causal network relationships in banking sector, bond, money and stock markets. The period...
Persistent link: https://www.econbiz.de/10011759684
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The Shrinkage after the Enlargement? The Effect of Financial Crises and Enlargement on Stock Market Integration in the Euro Area
Giofré, Maela - 2020
The bilateral foreign portfolio equities among Euro area members have shrunk by 40 percent after 2007. While both the financial crisis and the enlargement are potentially responsible of this abrupt and persistent contraction in financial integration, our work detects a major role for the crisis....
Persistent link: https://www.econbiz.de/10012840943
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Indian Stock Market Reaction to the Quarterly Earnings Information
Hawaldar, Iqbal Thonse - 2020
This paper examines stock market reaction to the earnings announcements by taking December 2001 quarter earnings announcement as an event. The study is based on 152 companies having minimum 20 percent foreign holdings. The companies are divided into, good news, bad news and overall portfolios....
Persistent link: https://www.econbiz.de/10012844605
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A First Look at BREXIT and Global Equity Markets
Burdekin, Richard C. K. - 2017
Global equity markets experienced a significantly negative return of over 4.7 percent on June 24, 2016 in response to news of Britain's decision (BREXIT) to leave the European Union. Stock market indices for members of the European Union were hard hit with nearly all experiencing significantly...
Persistent link: https://www.econbiz.de/10012968781
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Contagion Effects of the U.S. Subprime Crisis on International Stock Markets
Hwang, Inchang - 2010
This paper examines the contagion effects of the U.S. subprime crisis on international stock markets using a DCC …-GARCH model on 38 country data. We find evidence of financial contagion not only in emerging markets but also in developed markets …
Persistent link: https://www.econbiz.de/10013149007
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The Sequencing of Stock Market Liberalization Events and Corporate Financing Decisions
Flavin, Thomas - 2010
We examine if the sequence of stock market liberalization events matters for corporate financing choices. We contrast firms who attain ‘investable' status through domestic reforms with those who do so by issuing American Depository Receipt programs. We find that the first liberalization event...
Persistent link: https://www.econbiz.de/10013149116