Financial Spillovers to Emerging Markets During the Global Financial Crisis /

In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these financial...

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Bibliographic Details
Main Author: Frank, Nathaniel
Other Authors: Hesse, Heiko
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/104
Online Access:Full text available on IMF