Global and Regional Spillovers to GCC Equity Markets /

This paper analyzes the impact of global and regional spillovers to GCC equity markets. GCC equity markets were impacted by spillovers from U.S. equity markets despite varying degrees of foreign participation. Spillovers from regional equity markets were also important but the magnitude of the effec...

Ամբողջական նկարագրություն

Մատենագիտական մանրամասներ
Հիմնական հեղինակ: Saadi Sedik, Tahsin
Այլ հեղինակներ: Williams, Oral
Ձևաչափ: Ամսագիր
Լեզու:English
Հրապարակվել է: Washington, D.C. : International Monetary Fund, 2011.
Շարք:IMF Working Papers; Working Paper ; No. 2011/138
Առցանց հասանելիություն:Full text available on IMF
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245 1 0 |a Global and Regional Spillovers to GCC Equity Markets /  |c Tahsin Saadi Sedik, Oral Williams. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper analyzes the impact of global and regional spillovers to GCC equity markets. GCC equity markets were impacted by spillovers from U.S. equity markets despite varying degrees of foreign participation. Spillovers from regional equity markets were also important but the magnitude of the effects were on average smaller than that from mature markets. The results also illustrated episodes of contagion in particular during the recent global financial crisis. The findings suggest that given the degree of openness, and open capital accounts the financial channel is an important source through which volatility is transmitted. In this regard, GCC equity markets are not immune from global and regional financial shocks. These findings refute the notion of decoupling between the GCC equity and global equity markets. 
538 |a Mode of access: Internet 
700 1 |a Williams, Oral. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/138 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/138/001.2011.issue-138-en.xml  |z IMF e-Library