Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets PDF (Adobe DRM) download by Jochen R. Andritzky

Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets

INTERNATIONAL MONETARY FUND
Publication date: March 2006
ISBN: 9781451872941
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$18.00
Our price:
$13.99

You save: $4.01 (22%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
The recent global financial turmoil raised questions about the stability of foreign banks' financing to emerging market countries. While foreign banks' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was significantly more resilient. Analyzing detailed BIS data on global banks' lending to LAC countries-whether extended directly by their headquarters abroad or by their local affiliates in host countries-we show that the propagation of the global credit crunch was significantly more muted in countries where most of foreign banks' lending was channeled in domestic currency. We also show that foreign banks' involvement in LAC has differed in fundamental ways from that in other regions, with most of their lending to LAC conducted by their local subsidiaries, denominated in domestic currency and funded from a domestic deposit base. These characteristics help explain why LAC has not been struck as hard as other emerging markets by the global deleveraging and pullback in foreign banks' lending.
Please sign in to review this product.
Format:
Devices:
Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
884 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Other books by Jochen R. Andritzky
Government Bonds and Their Investors: What Are the Facts and Do They Matter? (PDF Download) ePub (Adobe DRM) download by Jochen R. Andritzky
Government Bonds and Their Investors: What Are the Facts and Do They Matter? (PDF Download)
Jochen R. Andritzky
INTERNATIONAL MONETARY FUND, January 2012
ISBN: 9781475504514
Format: ePub
List Price: $9.00 Our price: $6.99
How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis PDF (Adobe DRM) download by Jochen R. Andritzky
How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis
Jochen R. Andritzky & Andreas Jobst & Sylwia Barbara Nowak
INTERNATIONAL MONETARY FUND, March 2006
ISBN: 9781451873511
Format: PDF
List Price: $18.00 Our price: $13.99