Browse

You are looking at 1 - 9 of 9 items :

  • Type: Books and Journals x
Clear All Modify Search
Global Financial Spillovers to Emerging Market Sovereign Bond Markets

Global Financial Spillovers to Emerging Market Sovereign Bond Markets »

Volume/Issue: 2015/141

Series: IMF Working Papers

Author(s): Christian Ebeke , and Annette Kyobe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2015

DOI: http://dx.doi.org/10.5089/9781513552750.001

ISBN: 9781513552750

Keywords: Financial shocks, EM bond markets, Non-linearity, markets, currency, bond, holdings,

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of f...

Sovereign CDS Spreads in Europe
			: The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers

Sovereign CDS Spreads in Europe : The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers »

Volume/Issue: 2014/17

Series: IMF Working Papers

Author(s): Frigyes Heinz , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2014

DOI: http://dx.doi.org/10.5089/9781484393017.001

ISBN: 9781484393017

Keywords: CESEE countries, financial spillovers, CDS spreads, debt threshold, current account, public debt, current account balance, Financial Markets and the Macroeconomy, Asset Pricing,

By analysing data from January 2007 to December 2012 in a panel GLS error correction framework we find that European countries' sovereign CDS spreads are largely driven by global investor sentiment, macroeconomic f...

Cross-Country Linkages in Europe
			: A Global VAR Analysis

Cross-Country Linkages in Europe : A Global VAR Analysis »

Volume/Issue: 2013/194

Series: IMF Working Papers

Author(s): Yan Sun , Frigyes Heinz , and Giang Ho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2013

DOI: http://dx.doi.org/10.5089/9781484345474.001

ISBN: 9781484345474

Keywords: Spillover, Global VAR, regional model, macro-financial linkages, emerging Europe, gdp growth, real gdp, inflation, growth rate, long-term interest rates

This paper uses the Global VAR (GVAR) model proposed by Pesaran et al. (2004) to study cross-country linkages among euro area countries, other advanced European countries (including the Nordics, the UK, etc.), and...

Determinants of Sovereign Bond Spreads in Emerging Markets
			: Local Fundamentals and Global Factors vs. Ever-Changing Misalignments

Determinants of Sovereign Bond Spreads in Emerging Markets : Local Fundamentals and Global Factors vs. Ever-Changing Misalignments »

Volume/Issue: 2013/164

Series: IMF Working Papers

Author(s): Balazs Csonto , and Iryna Ivaschenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2013

DOI: http://dx.doi.org/10.5089/9781475573206.001

ISBN: 9781475573206

Keywords: Emerging market debt, spreads, misalignment, bond, bond spreads, emerging market bond, market bond, Asset Pricing,

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentangle the effect of global and country-specific developme...

Emerging Economy Responses to the Global Financial Crisis of 2007-09 - An Empirical Analysis of the Liquidity Easing Measures

Emerging Economy Responses to the Global Financial Crisis of 2007-09 - An Empirical Analysis of the Liquidity Easing Measures »

Volume/Issue: 2009/265

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874105.001

ISBN: 9781451874105

Keywords: Financial Markets, Monetary Policy, Central Banking, exchange rate, current account, foreign exchange, central bank, external debt

This paper draws on a unique data set on the nontraditional systemic liquidity easing measures recently undertaken by many emerging market economies. It offers an empirical analysis of the key determinants affectin...

Regional Financial Spillovers Across Europe
			: A Global VAR Analysis

Regional Financial Spillovers Across Europe : A Global VAR Analysis »

Volume/Issue: 2009/23

Series: IMF Working Papers

Author(s): Silvia Sgherri , and Alessandro Galesi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2009

DOI: http://dx.doi.org/10.5089/9781451871708.001

ISBN: 9781451871708

Keywords: Global VAR, Macro-Financial Linkages, International Financial Spillovers, equity prices, statistics, error variance, cointegration, bootstrap,

The recent financial crisis raises important issues about the transmission of financial shocks across borders. In this paper, a global vector autoregressive (GVAR) model is constructed to assess the relevance of in...

Financial Sector Evolution in the Central European Economies
			: Challenges in Supporting Macroeconomic Stability and Sustainable Growth

Financial Sector Evolution in the Central European Economies : Challenges in Supporting Macroeconomic Stability and Sustainable Growth »

Volume/Issue: 2001/141

Series: IMF Working Papers

Author(s): Nancy Wagner , and Dora Iakova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

DOI: http://dx.doi.org/10.5089/9781451856187.001

ISBN: 9781451856187

Keywords: banking system, transition, EU accession, Central Europe, banking, banking sector, recapitalization, Financial Markets and the Macroeconomy, Financial Institutions and Services: Government Policy and Regulation, Socialist Institutions and Their Transitions: Financial Economics

This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are al...

Globalization and Catching-Up
			: From Recession to Growth in Transition Economies

Globalization and Catching-Up : From Recession to Growth in Transition Economies »

Volume/Issue: 2000/100

Series: IMF Working Papers

Author(s): Grzegorz Kolodko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

DOI: http://dx.doi.org/10.5089/9781451852394.001

ISBN: 9781451852394

Keywords: transition, institution-building, recession, growth, transition countries, gdp per capita, external shocks

The transitional recession in countries of Eastern Europe and the Former Soviet Union has lasted much longer than expected. The legacy of the past and recent policy mistakes have both contributed to the slow progre...

Hungary
			: Economic Policies for Sustainable Growth

Hungary : Economic Policies for Sustainable Growth »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

DOI: http://dx.doi.org/10.5089/9781557757098.084

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

Economic developments in Hungary during 1995-97 illustrate one of the most remarkable cases of macroeconomic adjustment in Europe over the last decade. Several momentous steps in the integration of the Hungarian ec...