Financial spillovers to emerging markets during the global financial crisis / / prepared by Nathaniel Frank and Heiko Hesse
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| Autore: |
Frank Nathaniel
|
| Titolo: |
Financial spillovers to emerging markets during the global financial crisis / / prepared by Nathaniel Frank and Heiko Hesse
|
| Pubblicazione: | [Washington D.C.], : International Monetary Fund, 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (22 p.) |
| Disciplina: | 332.152 |
| Soggetto topico: | Financial crises |
| Global Financial Crisis, 2008-2009 | |
| Altri autori: |
HesseHeiko
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; 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 |
| Sommario/riassunto: | In 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. |
| Titolo autorizzato: | Financial Spillovers to Emerging Markets During the Global Financial Crisis |
| ISBN: | 1-4623-1339-6 |
| 1-4527-9951-2 | |
| 1-282-84319-2 | |
| 1-4518-7251-8 | |
| 9786612843198 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910825975803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF working paper ; ; WP/09/104.