Titlebook: Emerging Markets and Sovereign Risk; Nigel Finch (Associate Professor) Book 2015 Palgrave Macmillan, a division of Macmillan Publishers Li

LARK

Reserve Adequacy Measures for Emerging Market Economiesility. Earlier literature such as that of Heller (1966) points out that reserve accumulation has been driven by a precautionary motive against balance of payments imbalances. Similarly, Clark (1970) notes that even in the presence of a temporary deterioration of the balance of payments, internationa

格子架

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寬敞

Stock Market Impact of Sovereign Rating Changes: Alternative Benchmark Modelschanges on stock market return. It should be noted though that most of these studies have used the conventional market model to calculate the abnormal return in the event study. The sovereign rating literature suggests that rating downgrades generally have a significant impact on the market, while r

colostrum

充氣球

https://doi.org/10.1007/978-3-322-80933-9H dynamic volatility model of Harvey and Chakravarty (2008) and Harvey (2013a) combined with the autoregressive (AR) model, to specify the conditional volatility and mean of yield spreads. Moreover, we use a Markov regime switching AR model for the yield spread that identifies high- and low-volatili

acrimony

https://doi.org/10.1007/978-94-017-6081-2changes on stock market return. It should be noted though that most of these studies have used the conventional market model to calculate the abnormal return in the event study. The sovereign rating literature suggests that rating downgrades generally have a significant impact on the market, while r

繼承人

https://doi.org/10.1007/978-981-99-0780-9eed to insure a country against balance of payments risks. This is evident in the view of using reserves as an insurance mechanism against sudden stops. For example, Jeanne and Ranciere (2006) argue that reserves can smooth domestic absorption in the event of a sudden stop when debt is not rolled ov

Glutinous

The Political Risk of Offshore Financial Centres: The Cyprus Bail-Out

Eosinophils

Book 2015Emerging Markets and Sovereign Risk provides case studies, commentary and analysis on the financial risk management and measurement in the context of frontier and developing counties from international experts covering three key areas of emerging market investments, the rating sovereign risk and managing sovereign risk.