Spatial Spillovers in Emerging Market Spreads

Spatial Spillovers in Emerging Market Spreads
Author :
Publisher : International Monetary Fund
Total Pages : 30
Release :
ISBN-10 : 9781463904234
ISBN-13 : 1463904231
Rating : 4/5 (34 Downloads)

Book Synopsis Spatial Spillovers in Emerging Market Spreads by : Mr.Emanuele Baldacci

Download or read book Spatial Spillovers in Emerging Market Spreads written by Mr.Emanuele Baldacci and published by International Monetary Fund. This book was released on 2011-09-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects from advanced to emerging economies by analyzing transmission of shocks across emerging markets. After controlling for the impact of global factors, we find strong evidence of spillovers from both sovereign spreads and macroeconomic fundamentals in neighboring emerging economies. In addition to the geographical proximity, the channels of spatial transmission include trade and financial linkages. The results of the paper highlight the importance of accounting not only for spillovers from advanced economies to emerging markets, but also across emerging markets when analyzing sovereign spreads.


Spatial Spillovers in Emerging Market Spreads Related Books

Spatial Spillovers in Emerging Market Spreads
Language: en
Pages: 30
Authors: Mr.Emanuele Baldacci
Categories: Business & Economics
Type: BOOK - Published: 2011-09-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends th
Investment-Led Growth in China
Language: en
Pages: 23
Authors: Mr.Ashvin Ahuja
Categories: Business & Economics
Type: BOOK - Published: 2012-11-06 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several econom
International Sovereign Bonds by Emerging Markets and Developing Economies
Language: en
Pages: 27
Authors: Andrea Presbitero
Categories: Business & Economics
Type: BOOK - Published: 2015-12-24 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper
Emerging Markets Instability
Language: en
Pages: 35
Authors: Graciela Laura Kaminsky
Categories: Contagio financiero
Type: BOOK - Published: 2001 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Changes in sovereign ratings affect country risk and stock returns. And these changes are transmitted across countries, with neighbor-country effects being more
Ukraine
Language: en
Pages: 133
Authors: International Monetary Fund. European Dept.
Categories: Business & Economics
Type: BOOK - Published: 2014-06-11 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and