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Correlations in Emerging Market Bonds; The Role of Local and Global Factors

Hamann, A. Javier; Bunda, Irina; Lall, Subir - International Monetary Fund (IMF) - 2010

This paper examines the comovement in emerging market bond returns and disentangles the influence of external and …

Persistent link: https://www.econbiz.de/10008561082

Characterizing Global Investors' Risk Appetite for Emerging Market Debt During Financial Crises

González-Hermosillo, Brenda; Martin, Vance; Dungey, Mardi - International Monetary Fund (IMF) - 2003

The effects of unanticipated movements in global risk on nine emerging bond markets are investigated. The components of … global risk are volatility, credit, and liquidity risks. Country and contagion risks are also studied individually. A … historical decomposition of bond spreads is used to identify the relative contributions of risk during 1998-99. The empirical …

Persistent link: https://www.econbiz.de/10005768985

How Private Creditors Fared in Emerging Debt Markets, 1970-2000

Zettelmeyer, Jeromin; Weder, Beatrice; Klingen, Christoph - International Monetary Fund (IMF) - 2004

We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on … bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns … high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated …

Persistent link: https://www.econbiz.de/10005264003

United Kingdom; Observance by LCH CLEARNET LIMITED of the CPSS-IOSCO Recommendations for Central Counterparties Detailed Assessment of Observance

International Monetary Fund (IMF); International … - 2011

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10011242698

Singapore; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Sec...

International Monetary Fund (IMF); International … - 2004

Singaporeâ€™s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singaporeâ€™s vulnerability to exogenous shocks, including...

Persistent link: https://www.econbiz.de/10005252855

Taxing Financial Transactions; Issues and Evidence

Matheson, Thornton - International Monetary Fund (IMF) - 2011

In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence...

Persistent link: https://www.econbiz.de/10008876594

Crisis Resolution; Next Steps

Kletzer, Kenneth; Eichengreen, Barry J.; Mody, Ashoka - International Monetary Fund (IMF) - 2003

of collective action clauses (CACs) in international bonds. This decision was shaped partly by Mexico's successful launch … of a bond subject to New York law but featuring CACs, and by subsequent issues with similar provisions from other … the future. It asks whether we can expect to see additional issuance by emerging markets of bonds featuring CACs, whether …

Persistent link: https://www.econbiz.de/10005599331

The United States; Spillover Report: 2011 Article IV Consultation

International Monetary Fund (IMF); International … - 2011

policy spillovers. Concerns that the end of QE2 could lead to a rapid reversal of emerging market capital flows appear …

Persistent link: https://www.econbiz.de/10011243769

People's Republic of China; Financial System Stability Assessment

International Monetary Fund (IMF); International … - 2011

This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during Juneâ€“December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more commercially oriented financial system. Despite success...

Persistent link: https://www.econbiz.de/10011243609

The Role of Subordinated Debt in Market Discipline; The Case of Emerging Markets

Karacadag, Cem; Shrivastava, Animesh - International Monetary Fund (IMF) - 2000

liquid and “clean” capital markets—are evaluated. We find that emerging markets do not satisfy the preconditions for the …

Persistent link: https://www.econbiz.de/10005599477