03443nam 2200613Ia 450 991046401540332120181019213013.01-4623-6283-41-4527-0769-31-282-84326-51-4518-7258-59786612843266(CKB)3170000000055265(EBL)1608295(SSID)ssj0000943256(PQKBManifestationID)11484315(PQKBTitleCode)TC0000943256(PQKBWorkID)10975385(PQKB)11447616(OCoLC)645513330(MiAaPQ)EBC1608295(EXLCZ)99317000000005526520041202d2009 uf 0engurcn|||||||||txtccrSpillovers to emerging equity markets[electronic resource] an econometric assessment /prepared by L. Effie Psalida and Tao Sun[Washington D.C.] International Monetary Fund20091 online resource (34 p.)IMF working paper ;WP/09/111Description based upon print version of record.1-4519-1688-4 Includes bibliographical references.Contents; I. Introduction; II. Performance of Emerging Market Equity Markets; Figures; 1. Selected Equity Market Indices; 2. Emerging Market Economies: Composition of Capital Inflows; 3. Current Account Balances and Capital Flows from a Global Perspective; 4. Stock Market Capitalization; 5. Total Equity Market Returns; 6. Emerging Market Economies: Price/Earnings Ratios; 7. Total Foreign Holdings of Equity; 8. Emerging Markets Equity Indices and Foreign Investor Presence; Tables; 1. Emerging Equity Market Peaks and Troughs: Current and Previous Episodes; III. Methodology of Panel Estimation2. Unit Root Tests 3. Pedroni Heterogeneous Panel Co-integration Tests; IV. Results of the Panel Estimation; 4. Fixed-Effects Panel Least-Squares Estimation, First Specification; 5. Fixed-Effects Panel Least-Squares Estimation, Second Specification; V. Scenarios of impact; 6. Effects of External Shocks on the Growth Rates of Emerging Market Equity Prices; VI. Contribution of domestic and external factors; VII. Vector Auto-regression Model and results; 7. Contribution of Global and Domestic Factors to Equity Price Changes; 9. Impulse Responses to the Global Shocks for the Seven CountriesVIII. Main Conclusions Annexes; I. Methodological Issues; II. Data and explanatory variables; ReferencesThis paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an important goal for emerging market economies.IMF working paper ;WP/09/111.InvestmentsMathematical modelsEconometricsElectronic books.InvestmentsMathematical models.Econometrics.Psalida L. Effie942692Sun Tao942693MiAaPQMiAaPQMiAaPQBOOK9910464015403321Spillovers to emerging equity markets2127307UNINA