Narrow search
Showing 1 - 10 of 331
Cover Image
Contagion and Interdependence : Measuring CEE Banking Sector Co-Movements
Jokipii, Terhi - 2018
largest Central and Eastern European Countries (CEECs) can be attributed to contagion or to interdependence. Our tests based … on simple unadjusted correlation analysis uncover evidence of contagion between all pairs of countries. Adjusting for … market volatility during turmoil, however, produces different results. We then find contagion from the Czech Republic to …
Persistent link: https://www.econbiz.de/10012934707
Cover Image
Economic and Financial Integration in Europe
Bekaert, Geert - 2017
We use industry valuation differentials across European countries to study the impact of membership in the European Union as well as the Eurozone on economic and financial integration. In integrated markets, discount rates and expected growth opportunities should be similar within one industry,...
Persistent link: https://www.econbiz.de/10012958650
Cover Image
Does Cultural Distance Matter in International Stock Market Comovement? Evidence from Emerging Economies Around the World
Zhang, Qiyu - 2009
Prior research suggests an inverse relationship between geographic distance and financial market linkages. In this paper, we examine whether and how cultural distance between countries mitigates this finding. We find that country-pairs exhibit higher linkages if they have smaller cultural...
Persistent link: https://www.econbiz.de/10013154756
Cover Image
Emerging Equity Markets in a Globalizing World
Bekaert, Geert - 2017
Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into “developed” and “emerging” market buckets? We argue that the answer is still yes. While correlations between developed and emerging markets have increased, the process of...
Persistent link: https://www.econbiz.de/10012973844
Cover Image
Emerging Equity Markets in a Globalizing World
Bekaert, Geert - 2014
Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into “developed” and “emerging” market buckets? We argue that the answer is still yes. While correlations between developed and emerging markets have increased, the process of...
Persistent link: https://www.econbiz.de/10013051425
Cover Image
Stock Market Contagion of COVID-19 in Emerging Economies
Uddin, Gazi Salah - 2020
The purpose of this paper is to examine the connected dynamics of the affected Asian financial markets and global financial market in relation to the outbreak of the coronavirus (COVID-19) pandemic. We particularly examine the temporal dependence and connectedness of the affected markets with...
Persistent link: https://www.econbiz.de/10012837303
Cover Image
Financial integration and Emerging Markets Capital Structure
Zhang, Qiyu - 2012
This paper investigates the impact of county-level financial integration on corporate financing choices in emerging economies. Examining 4477 public firms from 24 countries, we find that corporate leverage is positively related to credit market integration, while negatively related to equity...
Persistent link: https://www.econbiz.de/10013116668
Cover Image
The European Union, the Euro, and equity market integration
Bekaert, Geert; Harvey, Campbell R.; Lundblad, Christian T. - In: Journal of Financial Economics 109 (2013) 3, pp. 583-603
We use industry valuation differentials across European countries to study the impact of membership in the European Union as well as the Eurozone on both economic and financial integration. In integrated markets, discount rates and expected growth opportunities should be similar within one...
Persistent link: https://www.econbiz.de/10010681720
Cover Image
Investor Competence, Trading Frequency, and Home Bias
Graham, John R. - 2006
People are more willing to bet on their own judgments when they feel skillful or knowledgeable (Heath and Tversky, 1991). We investigate whether this 'competence effect' influences trading frequency and home bias. We find that investors who feel competent trade more often and have more...
Persistent link: https://www.econbiz.de/10012735371
Cover Image
Predictable Risk and Returns in Emerging Markets
Harvey, Campbell R. - 2005
The emergence of new equity markets in Europe, Latin America, Asia, the Mideast and Africa provides a new menu of opportunities for investors. These markets exhibit high expected returns as well as high volatility. Importantly, the low correlations with developed countries' equity markets...
Persistent link: https://www.econbiz.de/10012736110