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International Integration of Equity Markets and Contagion Effects

International Integration of Equity Markets and Contagion Effects »

Source: International Integration of Equity Markets and Contagion Effects

Volume/Issue: 1995/110

Series: IMF Working Papers

Author(s): Paul Cashin , Manmohan Kumar , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451853285

Keywords: equity markets, cointegration, stock market, stock markets, national equity markets

This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move si...

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? »

Source: What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

Volume/Issue: 2007/157

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Isabella Massa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867213

Keywords: Stock market capitalization, panel, institutions, stock market, stock market development, domestic credit,

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without...

The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance?

The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance? »

Source: The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance?

Volume/Issue: 2006/187

Series: IMF Working Papers

Author(s): Martin Petri , and Tahsin Saadi-Sedik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

ISBN: 9781451864472

Keywords: stock market integration, cointegration, common trends, stock market, statistic, stock exchange, International Finance: General,

We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies...

Institutional Investors and Asset Pricing in Emerging Markets

Institutional Investors and Asset Pricing in Emerging Markets »

Source: Institutional Investors and Asset Pricing in Emerging Markets

Volume/Issue: 1996/2

Series: IMF Working Papers

Author(s): Elaine Buckberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451841718

Keywords: investors, equity markets, institutional investors, stock markets, expected returns

This paper presents a new theory of asset pricing intended to address why other developing country equity markets responded so strongly to the Mexican devaluation, while the world’s major stock markets were...

The Quality Effect

The Quality Effect »

Source: The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital?

Volume/Issue: 2004/112

Series: IMF Working Papers

Author(s): Abdul Abiad , Nienke Oomes , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451853636

Keywords: Tobin&;amp;#x2019;s Q, financial liberalization, allocative efficiency, inequality, stock market, financial deepening, stock market turnover, stock market capitalization, Financial Markets and the Macroeconomy, General Financial Markets: Government Policy and Regulation,

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict t...

Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies

Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies »

Source: Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies

Volume/Issue: 2011/229

Series: IMF Working Papers

Author(s): Sanchita Mukherjee , and Rina Bhattacharya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463921293

Keywords: interest rate elasticity, financial market development, capital account, deposit rate, financial sector, stock market, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, International Policy Coordination and Transmission,

In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in the MENA region...

What Drives the Performance of Selected MENA Banks? A Meta-Frontier Analysis

What Drives the Performance of Selected MENA Banks? A Meta-Frontier Analysis »

Source: What Drives the Performance of Selected MENA Banks? A Meta-Frontier Analysis

Volume/Issue: 2011/34

Series: IMF Working Papers

Author(s): Sami Ben Naceur , Barbara Casu , and Hichem Ben-Khedhiri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455217922

Keywords: DEA, meta-frontier, performance, MENA, banking, stock market, banking sector, financial sector, financial structure, Financial Institutions and Services: Government Policy and Regulation,

This study examines the effect of financial-sector reform on bank performance in selected Middle Eastern and North African (MENA) countries in the period 1994 -2008. We evaluate bank efficiency in Egypt, Jordan, Mo...

International Integration of Equity Markets and Contagion Effects

International Integration of Equity Markets and Contagion Effects »

Volume/Issue: 1995/110

Series: IMF Working Papers

Author(s): Paul Cashin , Manmohan Kumar , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

DOI: http://dx.doi.org/10.5089/9781451853285.001

ISBN: 9781451853285

Keywords: equity markets, cointegration, stock market, stock markets, national equity markets

This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move si...

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources?

What Drives Stock Market Development in the Middle East and Central Asia-Institutions, Remittances, or Natural Resources? »

Volume/Issue: 2007/157

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Isabella Massa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867213.001

ISBN: 9781451867213

Keywords: Stock market capitalization, panel, institutions, stock market, stock market development, domestic credit,

In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without...

The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance?

The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance? »

Volume/Issue: 2006/187

Series: IMF Working Papers

Author(s): Martin Petri , and Tahsin Saadi-Sedik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

DOI: http://dx.doi.org/10.5089/9781451864472.001

ISBN: 9781451864472

Keywords: stock market integration, cointegration, common trends, stock market, statistic, stock exchange, International Finance: General,

We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies...