01795cas a2200253 a 4500 AALejournalIMF005794 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872514 1018-5941 BD-DhAAL BD-DhAAL Frank, Nathaniel. Financial Spillovers to Emerging Markets During the Global Financial Crisis / Nathaniel Frank, Heiko Hesse. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (20 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 In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these financial variables across markets. The findings indicate that the notion of possible de-coupling (in the financial markets) had been misplaced. While EM stock markets reached their peak in the last quarter of 2007, interlinkages between funding stress and equity markets in advanced economies and EM financial indicators were highly correlated and have seen sharp increases during specific crisis moments. Mode of access: Internet Hesse, Heiko. IMF Working Papers; Working Paper ; No. 2009/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/104/001.2009.issue-104-en.xml IMF e-Library