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This paper proposes and applies an analytical framework to assess vulnerabilities of emerging and developing economies to the global financial and economic crisis. The analytical framework identifies six different channels of vulnerability to the global financial and economic crisis and...
Persistent link: https://www.econbiz.de/10013157487
This study investigated the directional linkages among net foreign portfolio investment volatility, financial deepening and capital market performance in low-income Southern African Development Community (SADC) countries employing a dynamic panel vector error correction model (P-VECM) on...
Persistent link: https://www.econbiz.de/10012295146
Complete financial markets allow countries to share their consumption risks internationally, thereby creating welfare gains through lower volatility of aggregate consumption. This paper empirically looks at international consumption risk sharing and its determinants in a panel of 120 countries...
Persistent link: https://www.econbiz.de/10011967365
This paper tests for predictability of output growth in a panel of twenty-two emerging market economies. We use pooled panel data methods that control for endogeneity and persistence in the predictor variables to test the predictive power of a large set of financial aggregates including...
Persistent link: https://www.econbiz.de/10013117954
This paper tests for predictability of output growth in a panel of 22 emerging market economies. We use pooled panel data methods that control for endogeneity and persistence in the predictor variables to test the predictive power of a large set of financial aggregates. Results show that stock...
Persistent link: https://www.econbiz.de/10013210427
Ausgelöst durch das Zusammentreffen niedriger Zinsen in reichen Ländern und einem hohen Finanzierungsbedarf für Infrastruktur in vielen ärmeren Ländern befindet sich die Verschuldung der Länder des Globalen Südens seit Jahren auf einem dramatisch hohen Niveau. Hohe Schuldendienstzahlungen...
Persistent link: https://www.econbiz.de/10012155264
New indices for developed and emerging markets are analyzed for stocks, bonds and bills over the past 300 years. Indices for commodity markets covering 1000 years and indices for real estate covering over 100 years are also provided. Bull and bear markets for fixed income are studied going back...
Persistent link: https://www.econbiz.de/10014236544
This paper looks at the impact of corruption on stock market development, emphasizing the difference between developing and developed economies and the role corruption may play in preventing firms from listing. After setting up a theoretical model that explains why corruption's impact on stock...
Persistent link: https://www.econbiz.de/10013298294
This paper presents an in-depth analysis of developments in the microfinance sector before and after the Lehman Brothers collapse in 2008 by comparing them with developments in traditional banking sectors of emerging market economies and developing countries. The findings indicate that...
Persistent link: https://www.econbiz.de/10008758753
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the way it is often measured, it has also led to the...
Persistent link: https://www.econbiz.de/10013068213