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What Explains Volatility Spillovers in the Financial Systems of Emerging Market Countries : Co-Movement, Transmission, or Contagion?

Ha, Jongrim - 2020

generally consistent with findings in the literature on time-varying, asymmetric, and contagion-shift spillovers. The paper also … transmission, and contagion, by specifying alternative models that restrict the mean equation of the GARCH model. The results … about fundamentals; during crises, however, while common information plays a role, market contagion also becomes an …

Persistent link: https://www.econbiz.de/10012855235

Financial Market Reform and Skill-Intensive Industry Growth

Martinsson, Gustav - 2014

Financial markets in most developed economies were open to foreign investors before 1980, yet these countries continued to reform their financial systems dramatically in subsequent decades. During the same time period, high-skill industries become increasingly important; for example, in the US...

Persistent link: https://www.econbiz.de/10013063144

Bond market development in developing Asia

Burger, John D.; Warnock, Francis E.; Warnock, Veronica C. - 2015

We describe and assess two dimensions of the current state of bond market development in developing Asia: the role of bond markets in overall financial systems and a comparison of the salient features of bond market development in developing Asia and other regions. We highlight key drivers and...

Persistent link: https://www.econbiz.de/10011346220

Complementarity between foreign aid and financial development as a driver of economic growth in selected emerging markets

Tsaurai, Kunofiwa - In: Comparative economic research : Central and Eastern Europe 21 (2018) 4, pp. 45-61

This paper studied whether the complementarity between financial development and foreign aid promotes economic growth in selected emerging markets using the panel Fully Modified Ordinary Least Squares (FMOLS) approach, with data ranging from 1994 to 2014. Although (1) aid-growth and (2)...

Persistent link: https://www.econbiz.de/10011960117

Intraday Industry-Specific Spillover Effect in European Equity Markets

Mateus, Cesario - 2016

This paper investigates the existence of financial contagion between the US and ten European stock markets. Using … analysis of financial contagion across different industries is desirable, using industry indices instead of global market …

Persistent link: https://www.econbiz.de/10012994332

Intraday Industry-Specific Spillover Effect in European Equity Markets

Mateus, Cesario - 2014

This paper investigates the existence of financial contagion between the US and 10 European stock markets. Using … contagion across industries is desirable instead of the use of global market indices …

Persistent link: https://www.econbiz.de/10013049503

Banking stability, market structure and financial system in emerging countries

Wen, Shiow-ying; Yu, Jean - In: Journal of applied finance & banking 3 (2013) 3, pp. 1-13

The literature wisdom shows that both theoretical and empirical studies provide contradictory predictions about the relationship between market concentration or competiveness and financial stability in the banking system. In the past two decades, the structure of banking industry of many...

Persistent link: https://www.econbiz.de/10009743442

Assessing vulnerabilities in emerging-market economies

Dalhaus, Tatjana; Lam, Alexander - 2018

This paper introduces a new tool to monitor economic and financial vulnerabilities in emerging-market economies. We obtain vulnerability indexes for several early warning indicators covering 26 emerging markets from 1990 to 2017 and use them to monitor the evolution of vulnerabilities before,...

Persistent link: https://www.econbiz.de/10011926066

Net Foreign Asset (Com) Position : Does Financial Development Matter?

Vermeulen, Robert - 2012

We investigate the relationship between a country's domestic financial development and the (composition of its) net foreign asset position using a pooled mean group estimator and data for 51 countries during the period 1970-2007. The results show that financial development reduces a country's...

Persistent link: https://www.econbiz.de/10013109581

Financial Development, Corporate Governance and Cost of Equity Capital

Gupta, Kartick - 2011

This paper explicitly examines the interactive impact of country level legal and financial development, and firm level governance attributes on the cost of equity capital. Using a comprehensive sample of 7380 firm years drawn from 22 developed countries, we show that firm level governance...

Persistent link: https://www.econbiz.de/10013134075