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Regional financial integration in the Caribbean [[electronic resource] ] : evidence from financial and macroeconomic data / / by Raphael Espinova and Goohoon Kwon
| Regional financial integration in the Caribbean [[electronic resource] ] : evidence from financial and macroeconomic data / / by Raphael Espinova and Goohoon Kwon |
| Autore | Espinoza Raphael A |
| Pubbl/distr/stampa | Washington, D.C., : International Monetary Fund, Middle East and Central Asia dept., 2009 |
| Descrizione fisica | 1 online resource (37 p.) |
| Altri autori (Persone) | KwonGoohoon |
| Collana | IMF working paper |
| Soggetto topico |
Finance - Caribbean Area
Macroeconomics |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-9209-1
1-4527-2686-8 1-4518-7286-0 1-282-84353-2 9786612843532 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Background; III. Stock Price Convergence; A. Data; B. AR results; C. Threshold Auto-Regression (TAR) estimator; IV. Current Account Convergence and Regional Trade Balance; A. Theory; B. Estimation framework; C. Global Financial Integration; D. Intra-regional trade and regional financial integration; V. Conclusion; References; Appendix A; Tables; 1. Balance of Payments; 2. UNCTAD FDI Inward Stock (In millions U.S. dollars, 2001; 3. UNCTAD FDI Outward Stock (In millions of U.S. dollars, 2001); 4. Regional Exports, as a Share of GDP
5. Interest Rates: Principal Component Analysis, 1980m1-2005m126. Interest Comovements; 7. Cross-Listed Stocks; 8. Cross-Market Premium; 9. (G) ARCH-AR Model; 10. (G) ARCH-TAR Model; 11. β Coefficient from 1975-2005; 12. β Coefficient from 1975-90; 13. β Coefficient from 1991-2005; 14. Regional Financial Integration 1975-2005; 15. 1975-90 Estimates of Regional Financial Integration; 16. 1991-2005 Estimates of Regional Financial Integration; Figures; 1. Interest Rates in the CARICOM and Sigma-Convergence (3 month T-Bills); 2. Cross-Listed Stocks; 3. Convergence Speed vs. Foreign Liabilities |
| Record Nr. | UNINA-9910463991103321 |
Espinoza Raphael A
|
||
| Washington, D.C., : International Monetary Fund, Middle East and Central Asia dept., 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Regional financial integration in the Caribbean : evidence from financial and macroeconomic data / / by Raphael Espinova and Goohoon Kwon
| Regional financial integration in the Caribbean : evidence from financial and macroeconomic data / / by Raphael Espinova and Goohoon Kwon |
| Autore | Espinoza Raphael A |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C., : International Monetary Fund, Middle East and Central Asia dept., 2009 |
| Descrizione fisica | 1 online resource (37 p.) |
| Disciplina | 332.4;332.41;332.4109729 |
| Altri autori (Persone) | KwonGoohoon |
| Collana | IMF working paper |
| Soggetto topico |
Finance - Caribbean Area
Macroeconomics |
| ISBN |
1-4623-9209-1
1-4527-2686-8 1-4518-7286-0 1-282-84353-2 9786612843532 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Background; III. Stock Price Convergence; A. Data; B. AR results; C. Threshold Auto-Regression (TAR) estimator; IV. Current Account Convergence and Regional Trade Balance; A. Theory; B. Estimation framework; C. Global Financial Integration; D. Intra-regional trade and regional financial integration; V. Conclusion; References; Appendix A; Tables; 1. Balance of Payments; 2. UNCTAD FDI Inward Stock (In millions U.S. dollars, 2001; 3. UNCTAD FDI Outward Stock (In millions of U.S. dollars, 2001); 4. Regional Exports, as a Share of GDP
5. Interest Rates: Principal Component Analysis, 1980m1-2005m126. Interest Comovements; 7. Cross-Listed Stocks; 8. Cross-Market Premium; 9. (G) ARCH-AR Model; 10. (G) ARCH-TAR Model; 11. β Coefficient from 1975-2005; 12. β Coefficient from 1975-90; 13. β Coefficient from 1991-2005; 14. Regional Financial Integration 1975-2005; 15. 1975-90 Estimates of Regional Financial Integration; 16. 1991-2005 Estimates of Regional Financial Integration; Figures; 1. Interest Rates in the CARICOM and Sigma-Convergence (3 month T-Bills); 2. Cross-Listed Stocks; 3. Convergence Speed vs. Foreign Liabilities |
| Record Nr. | UNINA-9910828556703321 |
|
Espinoza Raphael A
|
||
| Washington, D.C., : International Monetary Fund, Middle East and Central Asia dept., 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The role of financial variables in predicting economic activity in the Euro area [[electronic resource] /] / prepared by Raphael Espinoza, Fabio Fornari and Marco Lombardi
| The role of financial variables in predicting economic activity in the Euro area [[electronic resource] /] / prepared by Raphael Espinoza, Fabio Fornari and Marco Lombardi |
| Autore | Espinoza Raphael A |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, Middle East and Central Asia Dept., 2009 |
| Descrizione fisica | 1 online resource (56 p.) |
| Altri autori (Persone) |
FornariFabio
LombardiMarco J. <1976-> |
| Collana | IMF working paper |
| Soggetto topico |
Business cycles - Europe
Business cycles - United States Economic indicators - Europe Economic indicators - United States |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-2750-8
1-282-84441-5 9786612844416 1-4518-7388-3 1-4527-8840-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The VAR models; A. Data; 1. Rates of Growth of Real GDP in the Three Economic Areas (quarter-on-quarter); B. Specifications; III. Characterizing the Models; A. IRFs and Pre-1985 and Post-1985 Evidence; 2. Impulse Response Functions from a Trivariate VAR; 3. Impulse Response Function from a 9-Variable VAR; 4. Impulse Response Function to GDP Shocks Across Sub-Samples; 5. Impulse Response Functions Across Sub-Samples; B. Linkages and the Role of Financial Shocks; 6. Forecast Error Variance Decomposition for the Euro Area GDP
1. Variance Decomposition of the GDP in the Three Areas2. R2 of a Regression of Δlog GDP on its Counterfactual; 7. Historical Decomposition; IV. Out-of-Sample Evidence; A. 'Unconditional' Forecast Evaluation; 3. Unconditional Out-of-Sample RMSE; B. Conditional Forecast Evaluation; 4. Out-of-Sample RMSE; 5. Out-of-Sample RMSE; C. Additional Explanatory Factors; 6. Conditional Choice Between Models at Selected Horizons; V. Conditional Evaluation; A. Rolling RMSEs; 8. RMSE from Competing Classes of Models; 9. RMSE from Competing Classes of Models (ctd.); B. Conditional Predictive Ability Test 10. GW Test for Conditional Predictive - Random Walk Model11. GW Test for Conditional Predictive Ability - 2 GDP VAR; 12. GW Test for Conditional Predictive Ability - 3 GDP VAR; VI. Conclusions; References; Footnotes |
| Record Nr. | UNINA-9910463687903321 |
|
Espinoza Raphael A
|
||
| [Washington, D.C.], : International Monetary Fund, Middle East and Central Asia Dept., 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The role of financial variables in predicting economic activity in the Euro area / / prepared by Raphael Espinoza, Fabio Fornari and Marco Lombardi
| The role of financial variables in predicting economic activity in the Euro area / / prepared by Raphael Espinoza, Fabio Fornari and Marco Lombardi |
| Autore | Espinoza Raphael A |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, Middle East and Cental Asia Dept., 2009 |
| Descrizione fisica | 1 online resource (56 p.) |
| Disciplina | 338.5443094 |
| Altri autori (Persone) |
FornariFabio
LombardiMarco J. <1976-> |
| Collana | IMF working paper |
| Soggetto topico |
Business cycles - Europe
Business cycles - United States Economic indicators - Europe Economic indicators - United States |
| ISBN |
1-4623-2750-8
1-282-84441-5 9786612844416 1-4518-7388-3 1-4527-8840-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The VAR models; A. Data; 1. Rates of Growth of Real GDP in the Three Economic Areas (quarter-on-quarter); B. Specifications; III. Characterizing the Models; A. IRFs and Pre-1985 and Post-1985 Evidence; 2. Impulse Response Functions from a Trivariate VAR; 3. Impulse Response Function from a 9-Variable VAR; 4. Impulse Response Function to GDP Shocks Across Sub-Samples; 5. Impulse Response Functions Across Sub-Samples; B. Linkages and the Role of Financial Shocks; 6. Forecast Error Variance Decomposition for the Euro Area GDP
1. Variance Decomposition of the GDP in the Three Areas2. R2 of a Regression of Δlog GDP on its Counterfactual; 7. Historical Decomposition; IV. Out-of-Sample Evidence; A. 'Unconditional' Forecast Evaluation; 3. Unconditional Out-of-Sample RMSE; B. Conditional Forecast Evaluation; 4. Out-of-Sample RMSE; 5. Out-of-Sample RMSE; C. Additional Explanatory Factors; 6. Conditional Choice Between Models at Selected Horizons; V. Conditional Evaluation; A. Rolling RMSEs; 8. RMSE from Competing Classes of Models; 9. RMSE from Competing Classes of Models (ctd.); B. Conditional Predictive Ability Test 10. GW Test for Conditional Predictive - Random Walk Model11. GW Test for Conditional Predictive Ability - 2 GDP VAR; 12. GW Test for Conditional Predictive Ability - 3 GDP VAR; VI. Conclusions; References; Footnotes |
| Record Nr. | UNINA-9910811772703321 |
|
Espinoza Raphael A
|
||
| [Washington, D.C.], : International Monetary Fund, Middle East and Cental Asia Dept., 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||