Emerging Markets and their ratings
Revisiting sovereign ratings, capital flows and financial contagion in emerging markets
... credit ratings, contagion and capital flows to Emerging Markets (EMs), and clarify the relationship between ...sovereign ratings’ change in another ...sovereign ratings is a crucial ...
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Sovereign rescheduling probabilities in emerging markets: A comparison with credit rating agencies' ratings
... that emerging market sovereign bonds usually trade at much higher yield spreads than similarly rated US corporate bonds 14 ...that emerging market sovereigns usually exhibit higher default probabilities ...
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Currency crisis contagion, capital flows, and sovereign ratings: empirical studies of emerging markets
... 5 Contagion Factor in Credit Rating Agencies' Assessmentof Sovereign Ratings; Evidence from the East Asian Countries 5.1 Introduction 5.2 The Credit Rating Process 5.2.1 Sovereign Rating[r] ...
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Country Debt Default Probabilities in Emerging Markets: Were Credit Rating Agencies Wrong?
... credit ratings and their associated default probabilities have historically been used by leading international banks for determining their capital allocation in a particular country, pricing of sovereign bonds and ...
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Online Full Text
... of emerging markets have been a point of ...because emerging markets behave differently from developed markets, the benefits of financial integration in the latter do not bring the ...
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Analyzing frequent acquires in emerging markets and futures markets linkage
... In emerging countries, a very limited amount of research has investigated the wealth creation associated with the acquiring companies. Pangarkar and Lie (2004) analyze 115 acquisitions by Singapore firms during ...
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Financial Markets Integration: Appraising the Developed and Emerging Markets Nexus
... Mishkin (2007) addresses the nature of the influence of financial integration on growth by. He posits that financial integration directly and indirectly propels macroeconomic growth. On the direct influence of financial ...
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Are Asian stock markets characterized by rational speculative bubbles?
... The results of sub-period analysis are different from the full sample period, which may be due to rational speculative bubbles being short-run bubbles. Jaradat (2009) shows that stock prices can be driven higher when a ...
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Stock Market Integration and the Impact of the Subprime Financial Crisis: A Malaysian Perspective
... stock markets, we first apply the Johansen and Juselius cointegration procedure that requires estimating a vector autoregressive of order p, VAR ...the markets into various groups based on geographical ...
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Volatility Spillovers in Emerging Markets During the Global Financial Crisis: Diagonal BEKK Approach
... in emerging markets, namely India, Hungary, Poland, Turkey and Brazil prior to, and during the latest financial ...different emerging markets to a porfolio does not lead to risk ...
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Interdependence of South Asian & Developed Stock Markets and Their Impact on Kse (Pakistan)
... world markets are integrated with each ...other markets because of integration. Stock Markets are said to be integrated if they move together in same ...equity markets has been studied by ...
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Modelling Volatility Spillover between Conventional and Islamic Stock Index in the United Kingdom
... In recent decades, the world Islamic financial market has gathered a significant momentum in attracting international capital flows from both Muslim and non-Muslim investors, and the favored indices are the global Islamic ...
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Markets, crimes and intervention strategies markets, crimes and interventionstrategies
... Pour mieux apprécier les conséquences de cette importante circulation d’armes à feu dans le monde et sur la sécurité internationale, L’office des Nations Uniescontre la drogue et le crim[r] ...
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QUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Quarter IV – 2010
... The point of view of the balance of payments, export growth remains strong and capital inflows, whether in the form of Foreign Direct Investment (FDI) or portfolios that remain strong, bring an impact in improving the ...
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Liquidity and Macroeconomic Management in Emerging Markets
... eight emerging stock markets of ...global, emerging markets also began to experience liquidity strains (Yehoue, ...on emerging markets liquidity, Lesmond (2005) and Yeyati et ...
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Liquidity and macroeconomic management in emerging markets
... Group A of Table 10 details the results related to financial industries. We see that all four monetary policy variables on average are statistically significant for three (il)liquidity measures, however, none of the ...
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Corruption and Doing Business in Emerging Markets
... 3) Registering Property: Private property rights are essential both as the most important guarantee of freedom (Hayek, 1944) and as and a fundamental source of economic growth and development (Soto, 2000). Yet, property ...
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Sustainable debt and deficits in emerging markets
... Fiscal stimuli contributed to making India one of the brighter spots in a dismal globe. There were fears the government may not have the capacity to reverse rising deficits, and with debt ratios already at 80 percent, an ...
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Implementing repurchase agreements in emerging markets
... financial markets comes from their possible interpretation as collateralized ...repo markets also provide for the mitigation of counterparty risk; the lender of cash can sell the collateral and then obtain ...
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Sovereign credit ratings and financial markets linkages: application to European data
... As in Reisen and von Maltzan (1999), we find two-way causality between sovereign credit ratings and government bond yield spreads (Table 9). Past values of changes in yield (CDS) spreads are significant ...
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