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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Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2009.
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Series: | IMF Working Papers; Working Paper ;
No. 2009/104 |
Online Access: | Full text available on IMF |