cam a22 2 b4500 530139022 CHVBK 20201027044433.0 m d cr |n |||||||| 130723e20080401dcu s|||| 0 |eng|d 978-1-4519-1400-9 1-4519-1400-8 (EBook) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001478236 (WaSeSS)ssj0001478236 BIP US WaSeSS Gonzlez-Hermosillo Brenda Author Investors' Risk Appetite and Global Financial Market Conditions [Elektronische Daten] Washington International Monetary Fund April 2008 1 online resource (44 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature and developing countries during periods of financial stress in the last decade. the model identifies and quantifies the contribution on bond spreads from global market conditions (including funding liquidity, market liquidity, as well as credit and volatility risks), contagion effects, and idiosyncratic factors. While idiosyncratic factors explain a large amount of the changes in bond spreads over the sample, global market risk factors are fundamental driving forces during periods of stress. the relative importance of the different risk factors changes substantially depending on the crisis episode. Contagion from emerging markets becomes small or non-existent when global financial market risks explicitly are taken into account. http://elibrary.imf.org/view/IMF001/09178-9781451869460/09178-9781451869460/09178-9781451869460.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Gonzlez-Hermosillo Brenda Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/09178-9781451869460/09178-9781451869460/09178-9781451869460.xml Volltext frei zugänglich SWISSBIB 086602152