Financial spillovers to emerging markets during the global financial crisis /

In this paper potential financial linkages between liquidity and bank solvency measures advanced economies and emerging market (EM) bond and stock markets are analyzed the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these financial variables...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Frank, Nathaniel (Autor), Hesse, Heiko (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/104.
Temas:
Banks and banking > Developing countries.
Financial crises > Developing countries.
Subprime mortgage loans > Developing countries.
Liquidity (Economics)
Liquidité (Économie politique)
Banks and banking
Financial crises
Subprime mortgage loans
Developing countries
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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

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