Spillovers to Emerging Equity Markets: An Econometric Assessment

Tao Sun and L. Psalida

No 2009/111, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; price; equity price; emerging market; Emerging markets; equity markets; spillovers; Earnings ratio; EM economy; equity market price; index price appreciation; equity price response; market risk premium; equity market; EM equity market price; EM country; equity market valuation; price-earning ratio; Stock markets; Stocks; Emerging and frontier financial markets; Market risk; Market capitalization; Global; Middle East (search for similar items in EconPapers)
Pages: 32
Date: 2009-05-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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