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Unanticipated Shocks and Systemic Influences; The Impact of Contagion in Global Equity Markets in 1998
González-Hermosillo, Brenda; Martin, Vance; Fry, Renee; … - International Monetary Fund (IMF) - 2003
14 developing and industrial countries. The results show that contagion was systemic during the period, with industrial … importance of studying them jointly. An implication of the empirical results is that models of contagion that exclude industrial …
Persistent link: https://www.econbiz.de/10005769188
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What Drives Contagion; Trade Neighborhood, or Financial Links?
Valdés, Rodrigo O.; Hernández, Leonardo - International Monetary Fund (IMF) - 2001
This paper presents evidence on the relative importance of alternative contagion channels during the Thai, Russian, and … to explain almost all contagion episodes. However, when crises are measured by stock market returns, trade links and … neighborhood effects appear to be relevant contagion channels during the Thai and Brazilian crises, while financial competition …
Persistent link: https://www.econbiz.de/10005605301
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The Role of Subordinated Debt in Market Discipline; The Case of Emerging Markets
Karacadag, Cem; Shrivastava, Animesh - International Monetary Fund (IMF) - 2000
This paper evaluates the potential role of mandatory subordinated debt (MSD) in enhancing market discipline in emerging markets. The conceptual merits and key preconditions of MSD are first reviewed. Then, the extent to which emerging markets satisfy these preconditions—among them the...
Persistent link: https://www.econbiz.de/10005599477
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A Panic-Prone Pack? the Behavior of Emerging Market Mutual Funds
Gelos, Gaston; Borensztein, Eduardo - International Monetary Fund (IMF) - 2000
This paper explores the behavior of emerging market mutual funds using a novel database covering the holdings of individual funds over the period January 1996 to March 1999. An examination of individual crises shows that, on average, funds withdrew money one month prior to the events. The degree...
Persistent link: https://www.econbiz.de/10005604929
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Financial Development in Emerging Europe; The Unfinished Agenda
Zoli, Edda - International Monetary Fund (IMF) - 2007
This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...
Persistent link: https://www.econbiz.de/10005605312
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Foreign Investors Under Stress; Evidence from India
Patnaik, Ila; Shah, Ajay; Singh, Nirvikar - International Monetary Fund (IMF) - 2013
Emerging market policy makers have been concerned about the financial stability implications of financial globalization. These concerns are focused on behavior under stressed conditions. Do tail events in the home country trigger off extreme responses by foreign investors – are foreign...
Persistent link: https://www.econbiz.de/10011242270
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The State of Public Finances Cross-Country Fiscal Monitor: November 2009
International Monetary Fund (IMF); International … - 2009
Persistent link: https://www.econbiz.de/10010878426
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Mexico; Financial Sector Assessment Program Update: Technical Note: Financing of the Private Sector
International Monetary Fund (IMF); International … - 2007
This technical note on financing of the private sector for Mexico describes the evolution, composition, and determinants of financing to the nonfinancial private sector in Mexico between 2000 and 2005. Equity issuance has not played an important role in financing the private sector in Mexico...
Persistent link: https://www.econbiz.de/10011244184
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United States; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff...
Persistent link: https://www.econbiz.de/10011244411
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South Africa; Detailed Assessment of Implementation on IOSCO Principles-Securities Markets
International Monetary Fund (IMF); International … - 2010
South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...
Persistent link: https://www.econbiz.de/10011245358