Narrow search
Showing 1 - 10 of 222,303
Cover Image
Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization
Schmukler, Sergio L.; Kaminsky, Graciela Laura - International Monetary Fund (IMF) - 2003
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10005826221
Cover Image
Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR; Evidence from Stock Markets
Zhang, Xiaojing; Sun, Tao - International Monetary Fund (IMF) - 2009
This paper focuses on evidence from stock markets as it investigates the spillovers from the United States to mainland … that China's stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States. In addition, HK's equity returns have exhibited more significant price and volatility spillovers from …
Persistent link: https://www.econbiz.de/10008528625
Cover Image
The Jordanian Stock Market; Should You Invest in it for Risk Diversification or Performance?
Petri, Martin; Saadi-Sedik, Tahsin - International Monetary Fund (IMF) - 2006
We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating...
Persistent link: https://www.econbiz.de/10005263988
Cover Image
Price Volatility and Financial Instability
Leon, H. L.; Worrell, DeLisle - International Monetary Fund (IMF) - 2001
Statistical measures of the volatility of exchange rates, interest rates, and stock prices are estimated for a number of countries. Periods of high volatility are identified and compared with periods of financial difficulty. The results indicate that GARCH models of volatility could be...
Persistent link: https://www.econbiz.de/10005769324
Cover Image
Financial Soundness Indicators; Analytical Aspects and Country Practices
International Monetary Fund (IMF); International … - 2002
The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...
Persistent link: https://www.econbiz.de/10005590915
Cover Image
The Efficiency of the Japanese Equity Market
Nagayasu, Jun - International Monetary Fund (IMF) - 2003
Using the ARFIMA-FIGARCH model, this paper studies the efficiency of the Japanese equity market by examining the statistical properties of the return and volatility of the Nikkei 225. It shows that both follow a long range dependence, which stands against the efficient market hypothesis (EMH)....
Persistent link: https://www.econbiz.de/10005825859
Cover Image
Asian Equity Markets; Growth, Opportunities, and Challenges
Kramer, Charles Frederick; Purfield, Catriona; Oura, Hiroko - International Monetary Fund (IMF) - 2006
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 improvements to markets. The development of equity markets provides a more...
Persistent link: https://www.econbiz.de/10005599719
Cover Image
From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
Cover Image
Financial Linkages Between the U.S. and Latin Amercia; Evidence From Daily Data
Ganguly, Srideep; Benelli, Roberto - International Monetary Fund (IMF) - 2007
originating in the U.S. stock, bond, and currency markets. After documenting that cross-country linkages were different in … external bond markets in Latin America remained on a trend of weakening linkages with U.S. corporate bonds, while they … increased their sensitivity to movements in other emerging market bond markets. …
Persistent link: https://www.econbiz.de/10005605433
Cover Image
The Ties That Bind; Measuring International Bond Spillovers Using the Inflation-Indexed Bond Yields
Swiston, Andrew; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds … Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are … yields and no evidence of spillovers back to the United States. Spillovers in inflation expectations are smaller and the …
Persistent link: https://www.econbiz.de/10005826197