Documents et rapports
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Financial crises, credit ratings, and bank failures : emerging market instability - do sovereign ratings affect country risk and stock returns? (anglais)
Changes in sovereign debt ratings and outlooks affect financial markets in emerging economies. They affect not only the instrument being rated (bonds) but also stocks. They directly impact the markets...
Type de document: Article de revue Numéro du rapport: 77387 Date du document: 1 mai 2002 Mode de publication: Disclosed Auteur: Kaminsky,Graciela Laura,Schmukler,Sergio L.
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Emerging markets instability: do sovereign ratings affect country risk and stock returns? (anglais)
Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS2678 Date du document: 30 septembre 2001 Mode de publication: Disclosed Auteur: Kaminsky,Graciela Laura,Schmukler,Sergio L.
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Short and long-run integration : do capital controls matter ? (anglais)
The authors study whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To examine the characteristics of international market integration and the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS2660 Date du document: 31 août 2001 Mode de publication: Disclosed Auteur: Kaminsky,Graciela Laura,Schmukler,Sergio L.
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Short and long-run integration: do capital controls matter? (anglais)
This paper studies whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To market integration and the effects of capital controls in the short-...
Type de document: Document de travail Numéro du rapport: 28210 Date du document: 1 août 2001 Auteur: Kaminsky,Graciela Laura,Schmuckler, Sergio
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Emerging markets instability: do sovereign ratings affect country risk and stock returns? (anglais)
Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny as promoters of financial excesses, upgrading countries...
Type de document: Document de travail Numéro du rapport: 28206 Date du document: 28 février 2001 Auteur: Kaminsky,Graciela Laura,Schmukler,Sergio L.
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Mutual fund investment in emerging markets - an overview (anglais)
International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds have become important contributors to financial market integration, little is known...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS2529 Date du document: 31 janvier 2001 Mode de publication: Disclosed Auteur: Kaminsky,Graciela Laura,Lyons,Richard K.,Schmukler,Sergio L.
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Managers, investors, and crises : mutual fund strategies in emerging markets (anglais)
The authors address the trading strategies of mutual funds in emerging markets. The data set they develop permits analyses of these strategies at the level of individual portfolios. A methodologically...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS2399 Date du document: 31 juillet 2000 Mode de publication: Disclosed Auteur: Kaminsky,Graciela Laura,Lyons,Richard K.,Schmukler,Sergio L.
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Managers, investors, and crises: mutual fund strategies in emerging markets (anglais)
This paper addresses the trading strategies of mutual funds in emerging markets. Contemporaneous momentum trading (buying current winners and selling current losers) is stronger during crises, and stronger...
Type de document: Document de travail Numéro du rapport: 28208 Date du document: 1 juillet 2000 Auteur: Kaminsky,Graciela Laura,Lyons,Richard K.,Schmukler,Sergio L.