01727cas a2200253 a 4500 AALejournalIMF001192 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849233 1018-5941 BD-DhAAL BD-DhAAL Sahay, Ratna. Financial Market Spillovers in Transition Economies / Ratna Sahay, R. Gelos. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (58 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals. Higher-frequency data during three crisis periods reveals the presence of structural breaks in the relationship between exchange-, but not stock markets. While the reaction of markets during the Asian and Czech crises is muted, the pattern of high-frequency spillovers during the Russian crisis looks very similar to that observed in other regions during turbulent times. Mode of access: Internet Gelos, R. IMF Working Papers; Working Paper ; No. 2000/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/071/001.2000.issue-071-en.xml IMF e-Library