Spillovers to Emerging Equity Markets : : An Econometric Assessment / / Tao Sun, L. Psalida
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| Autore: |
Sun Tao
|
| Titolo: |
Spillovers to Emerging Equity Markets : : An Econometric Assessment / / Tao Sun, L. Psalida
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (34 p.) |
| Disciplina: | 332.152 |
| Soggetto topico: | Investments - Mathematical models |
| Econometrics | |
| Banks and Banking | |
| Capital and Ownership Structure | |
| Emerging and frontier financial markets | |
| Finance | |
| Finance: General | |
| Financial institutions | |
| Financial Instruments | |
| Financial Markets and the Macroeconomy | |
| Financial markets | |
| Financial regulation and supervision | |
| Financial Risk and Risk Management | |
| Financial risk management | |
| Financial services industry | |
| Financial services law & regulation | |
| Financing Policy | |
| General Financial Markets: General (includes Measurement and Data) | |
| Goodwill | |
| Institutional Investors | |
| Investment & securities | |
| Investments: Stocks | |
| Market capitalization | |
| Market risk | |
| Non-bank Financial Institutions | |
| Pension Funds | |
| Stock exchanges | |
| Stock markets | |
| Stocks | |
| Value of Firms | |
| Soggetto geografico: | United States |
| Altri autori: |
PsalidaL
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | 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 Estimation |
| 2. 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 | |
| VIII. Main Conclusions Annexes; I. Methodological Issues; II. Data and explanatory variables; References | |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Spillovers to Emerging Equity Markets |
| ISBN: | 9786612843266 |
| 9781462362837 | |
| 1462362834 | |
| 9781452707693 | |
| 1452707693 | |
| 9781282843264 | |
| 1282843265 | |
| 9781451872583 | |
| 1451872585 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910970779403321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/111