کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
963425 | 1479109 | 2015 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Reverse spillover: Evidence during emerging market financial turmoil in 2013-2014
ترجمه فارسی عنوان
سرریز معکوس: شواهد در حین بحران مالی در حال ظهور در سال 2013-2014
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
As emerging market countries are more deeply integrated with the global economy, it is more likely that financial shocks in those countries can spill over into advanced economies, which we call “reverse spillover”. We examine whether emerging market financial turmoil in 2013-2014, caused mainly by the expectation of future US monetary policy tightening, created such spillover. Panel fixed-effects regression suggests that emerging market financial instability reduces portfolio fund flows to advanced economies and increases their sovereign CDS premia. In addition, Granger causality network analysis indicates that the influence of emerging market economies in the global financial network significantly increased during the period of interest.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 38, September 2015, Pages 97-115
Journal: Journal of International Financial Markets, Institutions and Money - Volume 38, September 2015, Pages 97-115
نویسندگان
Hyunju Kang, Hyunduk Suh,