Dynamic Connectedness of Asian Equity Markets /

Understanding how markets are connected and shocks are transmitted is an important issue for policymakers and market participants. In this paper, we examine the connectedness of Asian equity markets within the region and vis-a-vis other major global markets. Using time-varying connectedness measures...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Guimaraes-Filho, Roberto
Awduron Eraill: Hong, Gee Hee
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2016.
Cyfres:IMF Working Papers; Working Paper ; No. 2016/057
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781513572451 
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100 1 |a Guimaraes-Filho, Roberto. 
245 1 0 |a Dynamic Connectedness of Asian Equity Markets /  |c Roberto Guimaraes-Filho, Gee Hee Hong. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Understanding how markets are connected and shocks are transmitted is an important issue for policymakers and market participants. In this paper, we examine the connectedness of Asian equity markets within the region and vis-a-vis other major global markets. Using time-varying connectedness measures, we address the following questions: (1) How has connectedness in asset returns and volatilities changed over time? Do markets become more connected during crises periods? (2) Which markets are major sources and major recipients of shocks? Has there been a shift in terms of the net shock givers and shock receivers (directional connectedness over time)? Finally, we investigate the connectedness between China's equity markets and other countries' equity markets since August 2015 to highlight the growing importance of emerging market economies, particularly China, as sources of shocks. 
538 |a Mode of access: Internet 
700 1 |a Hong, Gee Hee. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/057 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/057/001.2016.issue-057-en.xml  |z IMF e-Library