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Exchange Rate Movements and International Interdependence of Stock Markets

Exchange Rate Movements and International Interdependence of Stock Markets »

Source: Exchange Rate Movements and International Interdependence of Stock Markets

Volume/Issue: 1989/44

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 1989

ISBN: 9781451974492

Keywords: stock prices, exchange rate, exchange rates, nominal exchange rate, real exchange rates

This paper investigates linkages between stock markets in seven industrialized countries since 1974. Empirical evidence shows that both nominal and real stock prices (and returns) are strongly positively correlated...

Exchange Rates and Capital Flows1

Exchange Rates and Capital Flows1 »

Source: Exchange Rates and Capital Flows

Volume/Issue: 2001/190

Series: IMF Working Papers

Author(s): Robin Brooks , Torsten Sloek , Manmohan Kumar , and Hali Edison

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451859669

Keywords: exchange rate models, euro/dollar and yen/dollar exchange rates, exchange rate, exchange rates, bonds, bond, exchange rate movements,

This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. stocks—possibl...

Financial and Enterprise Restructuring in Emerging Market Economies

Financial and Enterprise Restructuring in Emerging Market Economies »

Source: Financial and Enterprise Restructuring in Emerging Market Economies

Volume/Issue: 1994/34

Series: IMF Working Papers

Author(s): Steven Fries , and Timothy Lane

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1994

ISBN: 9781451978858

Keywords: banking, moral hazard, debt socialization, recapitalization, banking system

This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By res...

Financial Frictions and Sources of Business Cycle

Financial Frictions and Sources of Business Cycle »

Source: Financial Frictions and Sources of Business Cycle

Volume/Issue: 2014/194

Series: IMF Working Papers

Author(s): Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2014

ISBN: 9781498347792

Keywords: DSGE, Bayesian Estimation, Financial Frictions, Sources of Business Cycle, business cycle, business cycle fluctuations, Bayesian Analysis, Financial Markets and the Macroeconomy, Forecasting and Simulation, Monetary Policy (Targets

This paper estimates a New Keynesian DSGE model with an explicit financial intermediary sector. Having measures of financial stress, such as the spread between lending and borrowing, enables the model to capture th...

Financial Frictions, Investment, and Institutions

Financial Frictions, Investment, and Institutions »

Source: Financial Frictions, Investment, and Institutions

Volume/Issue: 2010/231

Series: IMF Working Papers

Author(s): Yishay Yafeh , Kenichi Ueda , and Stijn Claessens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2010

ISBN: 9781455209316

Keywords: Financial Friction, institution, creditor rights, measurement errors, correlation, equation, financial markets, standard deviation, Corporate Finance and Governance: General, Economic Growth and Aggregate Productivity: General,

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two...

Financial Market Volatility and the Implications for Market Regulation: A Survey

Financial Market Volatility and the Implications for Market Regulation: A Survey »

Source: Financial Market Volatility and the Implications for Market Regulation : A Survey

Volume/Issue: 1990/112

Series: IMF Working Papers

Author(s): Louis Scott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1990

ISBN: 9781451944594

Keywords: stock market, stock prices, bond, stock index futures, futures markets

Volatility in financial markets has forced economists to reexamine the validity of the efficient markets hypothesis, and new empirical approaches have been applied to the study of this important issue in recent yea...

Financial Reforms, Financial Openness, and Corporate Borrowing

Financial Reforms, Financial Openness, and Corporate Borrowing »

Source: Financial Reforms, Financial Openness, and Corporate Borrowing : International Evidence

Volume/Issue: 2007/186

Series: IMF Working Papers

Author(s): Enrica Detragiache , Gianni De Nicolo , and Senay Agca

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867503

Keywords: Corporate leverage, debt maturity, financial reforms, financial openness, international financial markets, financial liberalization, bond, bond rating,

We study how credit market deregulation and increased international financial openness have changed corporate borrowing. The evidence comes from a large panel of publicly traded firms in 38 countries over the perio...

Financial Stability Frameworks and the Role of Central Banks

Financial Stability Frameworks and the Role of Central Banks »

Source: Financial Stability Frameworks and the Role of Central Banks : Lessons From the Crisis

Volume/Issue: 2009/70

Series: IMF Working Papers

Author(s): Erlend Nier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

ISBN: 9781451872170

Keywords: Prudential Regulation, central bank, financial regulation, financial markets,

This paper sets out general principles for the design of financial stability frameworks, starting from an analysis of the objectives and tools of financial regulation. The paper then offers a comprehensive analysis...

Firm-Level Evidenceon International Stock Market Comovement

Firm-Level Evidenceon International Stock Market Comovement »

Source: Firm-Level Evidenceon International Stock Market Comovement

Volume/Issue: 2003/55

Series: IMF Working Papers

Author(s): Robin Brooks , and Marco Del Negro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

ISBN: 9781451847642

Keywords: Diversification, risk, stock market, global stock market, stock returns, capital account restrictions, capital markets,

We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model...

Fixed-Income Markets in the United States, Europe, and Japan-Some Lessons for Emerging Markets

Fixed-Income Markets in the United States, Europe, and Japan-Some Lessons for Emerging Markets »

Source: Fixed-Income Markets in the United States, Europe, and Japan-Some Lessons for Emerging Markets

Volume/Issue: 1998/173

Series: IMF Working Papers

Author(s): Garry Schinasi , and T. Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451977349

Keywords: Government securities market, corporate debt markets, financial regulation, bond, securities markets, debt securities, bonds, government securities

This paper identifies factors that contributed to the development and effectiveness of debt securities markets in the major advanced economies. Government securities markets have benefited from their international...