Effects of Fed Announcements on Emerging Markets: What Determines Financial Market Reactions?

2018 ◽  
Vol 66 (4) ◽  
pp. 732-762
Author(s):  
Prachi Mishra ◽  
Papa N’Diaye ◽  
Lam Nguyen
Keyword(s):  
Emerging Markets ◽  
Financial Market ◽  
Market Reactions

Russian Banking Sector under World Financial Market Uncertainty: Problems and Prospects

2008 ◽  
pp. 4-19 ◽  
Author(s):  
A. Ulyukaev ◽  
E. Danilova
Keyword(s):  
Emerging Markets ◽  
Financial Market ◽  
Banking Sector ◽  
Financial System ◽  
Local Market ◽  
Market Uncertainty ◽  
Balanced Growth ◽  
Banking Sector Development ◽  
The World ◽  
The Usa

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.

scholarly journals Correlation, Contagion, and Asian Evidence

2006 ◽  
Vol 5 (2) ◽  
pp. 32-72 ◽  
Author(s):  
Mardi Dungey ◽  
Renée Fry ◽  
Vance L. Martin
Keyword(s):  
Emerging Markets ◽  
Financial Market ◽  
Financial Crises ◽  
Correlation Coefficients ◽  
Equity Markets ◽  
Empirical Literature ◽  
Bond Markets ◽  
Developed Markets ◽  
Market Contagion ◽  
Trade And Financial Linkages

This paper examines the empirical literature on financial market contagion in Asia during the 1997–98 financial crises with respect to existing tests of contagion. Empirical evidence shows that contagion affects both developed and emerging markets and does not seem to vary with the relative fundamental economic health or trade and financial linkages of the Asian economies. Contagion occurs across both asset types and geographical borders and tends to have larger effects in equity markets than in currency and bond markets. There is evidence to support the hypothesis that contagion is regional and transmitted through developed markets. A discussion of the behavior of correlation coefficients in the presence of contagion and financial crises suggests that they are not a reliable metric for detecting contagion.

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