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150128 ||| eng |
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|a 9781451850666
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|a Gonzalez-Hermosillo, Brenda
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|a Unanticipated Shocks and Systemic Influences
|b The Impact of Contagion in Global Equity Markets in 1998
|c Brenda Gonzalez-Hermosillo, Vance Martin, Renee Fry, Mardi Dungey
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2003
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| 300 |
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|a 28 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Stock exchanges
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| 653 |
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|a Factor Models
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| 653 |
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|a Stocks
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| 653 |
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|a Pension Funds
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| 653 |
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|a Finance
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| 653 |
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|a Econometric analysis
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Capital market
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Principal Components
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Financial markets
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| 653 |
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|a Emerging and frontier financial markets
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| 653 |
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|a Cluster Analysis
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| 653 |
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|a Stock markets
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| 653 |
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|a Multiple or Simultaneous Equation Models: Models with Panel Data
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| 653 |
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|a Econometric models
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Financial services industry
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| 653 |
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|a Factor models
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| 653 |
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|a Econometrics
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| 653 |
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|a Investment & securities
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Finance: General
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| 653 |
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|a Classification Methods
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| 653 |
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|a Securities markets
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| 700 |
1 |
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|a Dungey, Mardi
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| 700 |
1 |
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|a Fry, Renee
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| 700 |
1 |
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|a Martin, Vance
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451850666.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2003/084/001.2003.issue-084-en.xml?cid=16305-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a August to September 1998 has been characterized as one of the worst episodes of global financial distress in decades. This paper investigates the transmission of the Russian and the LTCM crises through global equity markets using a panel of 14 developing and industrial countries. The results show that contagion was systemic during the period, with industrial countries providing the dominant cross-country transmission linkages. Both crises reinforced each other, highlighting the importance of studying them jointly. An implication of the empirical results is that models of contagion that exclude industrial countries are potentially misspecified and may yield misleading outcomes
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