Spillovers to Emerging Equity Markets : An Econometric Assessment

Author/Editor:

Tao Sun ; L. Effie Psalida

Publication Date:

May 1, 2009

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 09/111

Subject:

Asset prices Capital inflows Capital markets Economic models Emerging markets Equity markets Spillovers Stock prices

Frequency:

Quarterly

English

Publication Date:

May 1, 2009

ISBN/ISSN:

9781451872583/1018-5941

Stock No:

WPIEA2009111

Format:

Paper

Pages:

32

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