LEADER 05151oam 22012134 450 001 9910825975803321 005 20200520144314.0 010 $a1-4623-1339-6 010 $a1-4527-9951-2 010 $a1-282-84319-2 010 $a1-4518-7251-8 010 $a9786612843198 035 $a(CKB)3170000000055262 035 $a(EBL)1608288 035 $a(SSID)ssj0000940813 035 $a(PQKBManifestationID)11588679 035 $a(PQKBTitleCode)TC0000940813 035 $a(PQKBWorkID)10963535 035 $a(PQKB)10957412 035 $a(OCoLC)467293407 035 $a(IMF)WPIEE2009104 035 $a(MiAaPQ)EBC1608288 035 $a(IMF)WPIEA2009104 035 $a(EXLCZ)993170000000055262 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial Spillovers to Emerging Markets During the Global Financial Crisis /$fNathaniel Frank, Heiko Hesse 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1681-7 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Transmission of Spillovers to EM Countries During the Subprime Crisis: A Qualitative Overview; III. Data; Figures; 1. U.S. and EM Financial Variables; 2. U.S. and EM Financial Variables; IV. Methodology; V. Results; 3. Implied Correlations between U.S. and EM Financial Variables; 4. Implied Correlations between U.S. and EM Financial Variables; VI. Conclusion; References 330 3 $aIn this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these financial variables across markets. The findings indicate that the notion of possible de-coupling (in the financial markets) had been misplaced. While EM stock markets reached their peak in the last quarter of 2007, interlinkages between funding stress and equity markets in advanced economies and EM financial indicators were highly correlated and have seen sharp increases during specific crisis moments. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/104 606 $aFinancial crises 606 $aGlobal Financial Crisis, 2008-2009 606 $aBanks and Banking$2imf 606 $aCapital market$2imf 606 $aDiffusion Processes$2imf 606 $aDynamic Quantile Regressions$2imf 606 $aDynamic Treatment Effect Models$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Crises$2imf 606 $aFinancial crises$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial markets$2imf 606 $aFinancial Risk Management$2imf 606 $aFinancial services industry$2imf 606 $aFinancial services$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aInterest rates$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aSecurities markets$2imf 606 $aState Space Models$2imf 606 $aStock exchanges$2imf 606 $aStock markets$2imf 606 $aTime-Series Models$2imf 606 $aYield curve$2imf 607 $aUnited States$2imf 615 0$aFinancial crises. 615 0$aGlobal Financial Crisis, 2008-2009. 615 7$aBanks and Banking 615 7$aCapital market 615 7$aDiffusion Processes 615 7$aDynamic Quantile Regressions 615 7$aDynamic Treatment Effect Models 615 7$aEconomic & financial crises & disasters 615 7$aEmerging and frontier financial markets 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Crises 615 7$aFinancial crises 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial markets 615 7$aFinancial Risk Management 615 7$aFinancial services industry 615 7$aFinancial services 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aInterest rates 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aSecurities markets 615 7$aState Space Models 615 7$aStock exchanges 615 7$aStock markets 615 7$aTime-Series Models 615 7$aYield curve 676 $a332.152 700 $aFrank$b Nathaniel$0821 701 $aHesse$b Heiko$01600314 801 0$bDcWaIMF 906 $aBOOK 912 $a9910825975803321 996 $aFinancial Spillovers to Emerging Markets During the Global Financial Crisis$93978589 997 $aUNINA