The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

Financial Linkages Between the U.S. and Latin Amercia: Evidence from Daily Data

Financial Linkages Between the U.S. and Latin Amercia: Evidence from Daily Data by Srideep Ganguly
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
Motivated by recent bursts of global financial market turbulence, this paper investigates the linkages between the financial markets in the United States and those of the seven largest Latin American economies, focusing on the impact of shocks originating in the U.S. stock, bond, and currency markets. After documenting that cross-country linkages were different in "tranquil" and "turbulent" times within our sample, we find that: (i) for stock markets, recent episodes of market turbulence stood out from preceding ones as they showed an increased sensitivity of Latin American markets to U.S. shocks, reversing a trend of weakening linkages; (ii) currency markets in Latin America exhibited a decrease in cross-market linkages with the U.S. during the last episodes of volatility, consistent with increased exchange rate flexibility in the region; and (iii) the external bond markets in Latin America remained on a trend of weakening linkages with U.S. corporate bonds, while they increased their sensitivity to movements in other emerging market bond markets.
International Monetary Fund; November 2007
35 pages; ISBN 9781452705712
Read online, or download in secure EPUB or secure PDF format
Title: Financial Linkages Between the U.S. and Latin Amercia: Evidence from Daily Data
Author: Srideep Ganguly; Roberto Benelli
 
ISBNs
1451912781
9781451868258
9781451912784
9781452705712