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Privatisation, political risk and stock market development in emerging economies

Perotti, Enrico C.; van Oijen, Pieter - 1999

This paper investigates whether privatisation in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatisation programme represents a major political test which gradually resolves...

Persistent link: https://www.econbiz.de/10011608502

Interdependence and Contagion in Global Asset Markets

Beirne, John - 2012

This paper provides an empirical assessment of interdependence and contagion across three asset classes (bonds, stocks …. For emerging economies, these within-market effects mostly apply to the equity market. Contagion effects within-market are … most notable in Latin America and Emerging Asia for equities. Cross-market contagion is identified from global bonds to …

Persistent link: https://www.econbiz.de/10013100396

Correlation analysis of financial contagion : what one should know before running a test

Corsetti, Giancarlo; Pericoli, Marcello; Sbracia, Massimo - 2000

Persistent link: https://www.econbiz.de/10001580233

Impacts of Sovereign Creditworthiness on Sub-Sovereign Debt Ratings in Emerging and Developing Economies

Mohapatra, Sanket - 2017

This paper examines key determinants of the distance between the sovereign's credit rating and the ratings of sub-sovereign foreign currency bonds, such as bond issuers' type, debt characteristics, and global and country's economic conditions. Using a comprehensive international bond-level...

Persistent link: https://www.econbiz.de/10012971168

Tangible and Intangible Information in Emerging Markets

Blackburn, Douglas W. - 2017

High book-to-market stocks earn higher average returns than low book-to-market stocks. This result has been verified using stock returns from the U.S., developed, and emerging markets. Why B/M explains expected returns is still an open question. In this paper, we use stock returns representing...

Persistent link: https://www.econbiz.de/10012947289

Fiscal Transparency, Borrowing Costs, and Foreign Holdings of Sovereign Debt

Kemoe, Laurent - 2018

This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF's Government Finance...

Persistent link: https://www.econbiz.de/10012910360

The Cross-Section of Stock Returns in Frontier Emerging Markets

de Groot, Wilma - 2012

We are the first to investigate the cross-section of stock returns in the new emerging equity markets, the so-called frontier emerging markets. Our unique survivorship-bias free data set consists of more than 1,400 stocks over the period 1997 to 2008 and covers 24 of the most liquid frontier...

Persistent link: https://www.econbiz.de/10013116149

International Financial Transmission : Emerging and Mature Markets

Felices, Guillermo - 2009

important contagion channel through which crises in emerging market economies can affect mature markets. Forecast error variance …

Persistent link: https://www.econbiz.de/10013156817

Connected to Whom? International Interbank Borrowing During the Global Crisis

Tintchev, Kalin - 2013

The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 advanced and emerging banking systems. Using novel risk-weighted indexes the paper...

Persistent link: https://www.econbiz.de/10013085983

Connected to Whom? International Interbank Borrowing during the Global Crisis

Tintchev, Kalin - 2013

Persistent link: https://www.econbiz.de/10013088307