| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18028 |
| 来源ID | Working Paper 18028 |
| Developing countries' financial vulnerability to the euro crisis: An event study of equity and bond markets | |
| Joshua Aizenman; Yothin Jinjarak; Minsoo Lee; Donghyun Park | |
| 发表日期 | 2012-05-03 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The global crisis highlights the continued vulnerability of developing countries to shocks from advanced economies. Just a few years after the global crisis, the eurozone sovereign debt crisis has emerged as the single biggest threat to the global outlook. In this paper, we apply the event study methodology to gauge the scope for financial contagion from the EU to developing countries. More specifically, we estimate the responsiveness of equity and bond markets in developing countries to global crisis news and euro crisis news. Overall, we find that whereas global crisis news had a consistently negative effect on returns of equity and bond markets in developing countries, the effect of euro crisis news was more mixed and limited. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w18028 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575704 |
| 推荐引用方式 GB/T 7714 | Joshua Aizenman,Yothin Jinjarak,Minsoo Lee,et al. Developing countries' financial vulnerability to the euro crisis: An event study of equity and bond markets. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18028.pdf（1012KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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