IMF Working Papers

Spillovers to Emerging Equity Markets: An Econometric Assessment

By Tao Sun, L. Effie Psalida

May 1, 2009

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Tao Sun, and L. Effie Psalida Spillovers to Emerging Equity Markets: An Econometric Assessment, (USA: International Monetary Fund, 2009) accessed December 22, 2024
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.

Subject: Emerging and frontier financial markets, Financial institutions, Financial markets, Financial regulation and supervision, Market capitalization, Market risk, Stock markets, Stocks

Keywords: Earnings ratio, EM country, EM economy, EM equity market price, Emerging and frontier financial markets, Emerging market, Emerging markets, Equity market, Equity market price, Equity market valuation, Equity markets, Equity price, Equity price response, Global, Index price appreciation, Market capitalization, Market risk, Market risk premium, Middle East, Price, Price-earning ratio, Spillovers, Stock markets, Stocks, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2009/111

  • Stock No:

    WPIEA2009111

  • ISBN:

    9781451872583

  • ISSN:

    1018-5941