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Spillovers to Emerging Equity Markets: An Econometric Assessment
Author:
Tao Sun null

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Ms. L. Effie Psalida
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Series:
IMF Working Papers
Volume/Issue:
Volume 2009: Issue 111
Language:
English
Publication Date:
01 May 2009
DOI:
https://doi.org/10.5089/9781451872583.001
ISBN:
9781451872583
ISSN:
1018-5941
Pages:
32
Keywords:
WP; price; equity price; emerging market; Emerging markets; equity markets; spillovers; Earnings ratio; EM economy; equity market price; index price appreciation; equity price response; market risk premium; equity market; EM equity market price; EM country; equity market valuation; price-earning ratio; Stock markets; Stocks; Emerging and frontier financial markets; Market risk; Market capitalization; Global; Middle East
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an important goal for emerging market economies.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund