LEADER 03443nam 2200613Ia 450 001 9910464015403321 005 20181019213013.0 010 $a1-4623-6283-4 010 $a1-4527-0769-3 010 $a1-282-84326-5 010 $a1-4518-7258-5 010 $a9786612843266 035 $a(CKB)3170000000055265 035 $a(EBL)1608295 035 $a(SSID)ssj0000943256 035 $a(PQKBManifestationID)11484315 035 $a(PQKBTitleCode)TC0000943256 035 $a(PQKBWorkID)10975385 035 $a(PQKB)11447616 035 $a(OCoLC)645513330 035 $a(MiAaPQ)EBC1608295 035 $a(EXLCZ)993170000000055265 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSpillovers to emerging equity markets$b[electronic resource] $ean econometric assessment /$fprepared by L. Effie Psalida and Tao Sun 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (34 p.) 225 1 $aIMF working paper ;$vWP/09/111 300 $aDescription based upon print version of record. 311 $a1-4519-1688-4 320 $aIncludes bibliographical references. 327 $aContents; 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 Estimation 327 $a2. 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 Countries 327 $aVIII. Main Conclusions Annexes; I. Methodological Issues; II. Data and explanatory variables; References 330 $aThis paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an important goal for emerging market economies. 410 0$aIMF working paper ;$vWP/09/111. 606 $aInvestments$xMathematical models 606 $aEconometrics 608 $aElectronic books. 615 0$aInvestments$xMathematical models. 615 0$aEconometrics. 700 $aPsalida$b L. Effie$0942692 701 $aSun$b Tao$0942693 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464015403321 996 $aSpillovers to emerging equity markets$92127307 997 $aUNINA LEADER 01330nas 2200433-a 450 001 9910855700503321 005 20240413025841.0 011 $a2804-0163 035 $a(CKB)991042731876018 035 $a(CONSER)---94641385- 035 $a(EXLCZ)99991042731876018 100 $a19940413a19929999 -a- - 101 0 $afre 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aActualité et dossier en santé publique 210 $aParis $cHaut Comité de la santé publique$d1992- 215 $a1 online resource 300 $aTitle from cover. 311 08$aPrint version: Actualité et dossier en santé publique. 1243-275X (DLC) 94641385 (OCoLC)30135887 517 1 $aADSP 606 $aPublic health$zFrance$vPeriodicals 606 $aPublic Health 606 $aPublic health$2fast$3(OCoLC)fst01082238 607 $aFrance 607 $aFrance$2fast 608 $aPeriodical. 608 $aPeriodicals.$2fast 615 0$aPublic health 615 2$aPublic Health. 615 7$aPublic health. 676 $a362.1/0944/05 712 02$aFrance.$bHaut Comité de la santé publique. 906 $aJOURNAL 912 $a9910855700503321 920 $aexl_impl conversion 996 $aActualité et dossier en santé publique$93396656 997 $aUNINA