Spillover effect of quantitative easing on venture capital flow into the emerging economies

2021 ◽  
pp. 206-232
Author(s):  
Dipesh Karki ◽  
Hari Gopal Risal ◽  
Shirshak Dahal
Keyword(s):  
Venture Capital ◽  
Emerging Economies ◽  
Spillover Effect ◽  
Capital Flow ◽  
Quantitative Easing

Formal and informal venture capital investing in emerging economies in Southeast Asia

2015 ◽  
Vol 32 (3) ◽  
pp. 597-617 ◽  
Author(s):  
William Scheela ◽  
Edmundo Isidro ◽  
Thawatchai Jittrapanun ◽  
Nguyen Thi Thu Trang
Keyword(s):  
Venture Capital ◽  
Southeast Asia ◽  
Emerging Economies ◽  
Informal Venture Capital

scholarly journals Spillover effect of United States Monetary Policy on Nigeria’s Financial and Macro Fundamentals

2020 ◽  
pp. 111-145
Author(s):  
Patterson C. Ekeocha ◽  
Elias A. Udeaja
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Policy Process ◽  
Inflation Rate ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Conditional Variance ◽  
Quantitative Easing ◽  
External Shocks ◽  
The Us

This paper examines spillover effects of U.S monetary policy on macroeconomic fundamentals in Nigeria from January 1985 to December 2018. The study period is partitioned to account for conventional monetary policy (CMP) period, January 1985 to August 2007 and unconventional monetary policy (UMP) period, September 2007 to December 2018. Guided by relevant pre-tests, we find BEKK-VARMA-CCCMGARCH as the most appropriate model. The study finds significant spillover effects of U.S CMP and UMP on interest rate, exchange rate and inflation rate in Nigeria. We, however, observe that while CMP may be a significant accelerator of shocks persistence on interest rates and exchange rates, the extent to which the UMP accelerate shocks in inflation rate tends to vary for different measures of quantitative easing. Thus, in addition to past own shocks and past own conditional variance of these macro fundamentals, understanding their dynamics cannot be in isolation of their vulnerability to external shocks and volatility due to spillover effects of monetary actions in other economies. In formulating monetary policy, it is therefore, imperative for the Central Bank of Nigeria to monitor the monetary policy process of the US to hedge against shocks spillovers.

Prospects for emerging economies in 2016

2015 ◽  
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Federal Reserve ◽  
Quantitative Easing ◽  
Fiscal Deficits ◽  
Content Type ◽  
Economic Fundamentals ◽  
The Us ◽  
Lift Off ◽  
Public Debts

Subject Prospects for emerging economies in 2016. Significance Emerging markets (EMs) face formidable headwinds as their economic fundamentals deteriorate and the US rates 'lift-off' gets closer: China's slowing growth, the commodity sell-off, investment cuts, depreciating currencies and high debt levels, especially dollar-denominated debt. Neither a delay in the Federal Reserve (Fed) rate rise nor the forthcoming quantitative easing (QE) extension by the ECB will provide long-lasting respite amid widening fiscal deficits and rising public debts.

scholarly journals Emerging Markets and Volatility Spillover Effects: Empirical Evidence from Regional Emerging Economies of Pakistan, China, India, and Bangladesh

2020 ◽  
Vol V (I) ◽  
pp. 102-116
Author(s):  
Kashif Hamid ◽  
Muhammad Mudasar Ghafoor ◽  
Muhammad Yasir Saeed
Keyword(s):  
Emerging Markets ◽  
Empirical Evidence ◽  
Emerging Economies ◽  
Financial Economics ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Multivariate Garch ◽  
Volatility Spillover ◽  
Significant Evidence ◽  
The Impact

Emerging markets and volatility spillover effects remained a highly focused area in the field of financial economics. Therefore, we have empirically testified the volatility spillover effects between markets of emerging economies i.e Pakistan, China, Bangladesh, and India during the period from 1st January 2000 to 31st December 2015. We used Multivariate GARCH and causality models to identify the spillover effects. It is concluded that there exists significant evidence of spillover effect from the market of Pakistan to India, India to China and from China to Pakistan. However, the larger negative shift in the volatility occurs more frequently than positive shocks. Hence it is concluded that the impact of own spillovers of the markets is much higher than the impact of cross-market spillovers during this period.

scholarly journals The Performance of Foreign Venture Capital Firms in Emerging Economies: A Study of U.S. Firms in China

2016 ◽  
Vol 11 (11) ◽  
pp. 26
Author(s):  
Xiaodan Wang
Keyword(s):  
Venture Capital ◽  
Emerging Economies ◽  
Host Countries ◽  
Institutional Perspective ◽  
Investment Performance ◽  
Country Comparison ◽  
Venture Capital Firms ◽  
Cross Country ◽  
Investment Experience ◽  
International Venture

<p>Extant research on the international venture capital (VC) firms largely focuses on cross-country comparison; only a limited number of studies have examined the internationalization of VC firms and their strategies in host countries. This study approaches the research topic mainly from an institutional perspective, and intends to understand the performance of foreign VC firms in emerging economies, a topic that has rarely been examined in previous research. Using a sample of U.S. VC firms investing in China, this study finds that U.S. VC firms with more investment experience at home have weaker investment performance in China. The empirical results also show that U.S. VC firms investing in ventures with larger top management team, staging their investments, and syndicating with other U.S. VC firms are likely to achieve better performance in China. Contrary to what was hypothesized, syndicating with Chinese VC firms decreases U.S. VC firms’ investment performance in China.</p>

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