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Asian Equity Markets

Asian Equity Markets »

Source: Asian Equity Markets : Growth, Opportunities, and Challenges

Volume/Issue: 2006/266

Series: IMF Working Papers

Author(s): Charles Kramer , Catriona Purfield , Hiroko Oura , and Andreas Jobst

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865264

Keywords: Asian financial markets, equity derivatives, stock market, stock exchange, derivative,

Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural i...

The Spillover Effects of a Downturn in China’s Real Estate Investment

The Spillover Effects of a Downturn in China’s Real Estate Investment »

Source: The Spillover Effects of a Downturn in China's Real Estate Investment

Volume/Issue: 2012/266

Series: IMF Working Papers

Author(s): Ashvin Ahuja , and Alla Myrvoda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2012

ISBN: 9781475549003

Keywords: Real estate investment, FAVAR, real estate, bond, bond spread, stock market, Globalization: Macroeconomic Impacts, Comparative Studies of Countries,

Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector's extensive industrial and financial linkages make it a special type of economic activity, especi...

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? »

Source: What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

Volume/Issue: 2007/157

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Isabella Massa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867213

Keywords: Stock market capitalization, panel, institutions, stock market, stock market development, domestic credit,

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without...

International Reserves

International Reserves »

Source: International Reserves : Precautionary vs. Mercantilist Views, Theory and Evidence

Volume/Issue: 2005/198

Series: IMF Working Papers

Author(s): Joshua Aizenman , and Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451862171

Keywords: mercantilist, hoarding, capital account liberalization, financial intermediation, stock of capital, Economic Growth of Open Economies,

This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particula...

The External Impact of China'S Exchange Rate Policy

The External Impact of China'S Exchange Rate Policy »

Source: The External Impact of China'S Exchange Rate Policy : Evidence From Firm Level Data

Volume/Issue: 2011/155

Series: IMF Working Papers

Author(s): Barry Eichengreen , and Hui Tong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781455290680

Keywords: exchange rate, external impact, stock market, stock returns, external finance, exchange rates, Macroeconomic Aspects Of International Trade And Finance, General Financial Markets,

We examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in...

The Global Financial Crisis

The Global Financial Crisis »

Source: The Global Financial Crisis : An Anatomy of Global Growth

Volume/Issue: 2013/76

Series: IMF Working Papers

Author(s): Troy Matheson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484362013

Keywords: Growth Synchronization, global shocks, global financial crisis, idiosyncratic shocks, pre-crisis, Bayesian Analysis, Time-Series Models, International Policy Coordination and Transmission, Open Economy Macroeconomics,

The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and...

The Mexican Financial Crisis

The Mexican Financial Crisis »

Source: The Mexican Financial Crisis : A Test of the Resilience of the Markets for Developing Country Securities

Volume/Issue: 1995/132

Series: IMF Working Papers

Author(s): Shogo Ishii , and David Andrew

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781451855326

Keywords: bond issues, bond, bonds, international bond issues, international bond

This paper reviews developments in private capital flows to developing countries since the Mexican financial crisis in December 1994. The paper points out that a strong recovery in these flows masks some significan...

Volatility Spillovers and Contagion from Mature to Emerging Stock Markets

Volatility Spillovers and Contagion from Mature to Emerging Stock Markets »

Source: Volatility Spillovers and Contagion from Mature to Emerging Stock Markets

Volume/Issue: 2008/286

Series: IMF Working Papers

Author(s): Guglielmo Caporale , Marianne Schulze-Ghattas , John Beirne , and Nicola Spagnolo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871449

Keywords: Volatility spillovers, Contagion, correlations, stock market, emerging stock markets, financial contagion,

This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the transmission mechanism-contagion-during turbulences in mature markets. Tri-variate GARCH-BEKK models of r...

Moral Hazard and International Crisis Lending: A Test

Moral Hazard and International Crisis Lending: A Test »

Source: Moral Hazard and International Crisis Lending : A Test

Volume/Issue: 2002/181

Series: IMF Working Papers

Author(s): Giovanni Dell'Ariccia , Jeronimo Zettelmeyer , and Isabel Schnabel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2002

ISBN: 9781451859201

Keywords: international lending, bond, crisis lending, bond spreads, bonds, International Lending and Debt Problems, Econometric Methods: - Single Equation Models,

We test for the existence of a moral hazard effect attributable to official crisis lending by analyzing the evolution of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailou...

Consequences of Asset Shortages in Emerging Markets

Consequences of Asset Shortages in Emerging Markets »

Source: Consequences of Asset Shortages in Emerging Markets

Volume/Issue: 2012/102

Series: IMF Working Papers

Author(s): Patrick Imam , and Jiaqian Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

ISBN: 9781475502923

Keywords: Asset Shortage, Emerging Market, Crisis, Asset Bubble, financial assets, bond, bonds, asset bubbles, Money and Interest Rates: General, Financial Economics: General,

We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric esti...