The effects of global excess liquidity on emerging stock market returns: Evidence from a panel threshold model
| dc.rights.license | open | en_US |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | BRANA, Sophie
IDREF: 035237341 | |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | PRAT, Stephanie | |
| dc.date.accessioned | 2022-12-12T14:03:52Z | |
| dc.date.available | 2022-12-12T14:03:52Z | |
| dc.date.issued | 2016-01-01 | |
| dc.identifier.issn | 0264-9993 | en_US |
| dc.identifier.uri | oai:crossref.org:10.1016/j.econmod.2015.06.026 | |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/170570 | |
| dc.description.abstractEn | The expansion of global liquidity, exacerbated by the unconventional monetary policies implemented by the major central banks over the past several years, has contributed to the debate on the cross-border impact of those measures. This paper examines the impact of global excess liquidity on asset prices for a set of seventeen emerging market countries taking into account nonlinearity by using a panel threshold model. We find that in a period of global investors' high risk appetites, global excess liquidity is a positive determinant of asset prices in emerging market countries. However, the link between the two variables changes when global risk aversion strengthens. | |
| dc.language.iso | EN | en_US |
| dc.source | crossref | |
| dc.title.en | The effects of global excess liquidity on emerging stock market returns: Evidence from a panel threshold model | |
| dc.type | Article de revue | en_US |
| dc.identifier.doi | 10.1016/j.econmod.2015.06.026 | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | en_US |
| bordeaux.journal | Economic Modelling | en_US |
| bordeaux.page | 26-34 | en_US |
| bordeaux.volume | 52 | en_US |
| bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
| bordeaux.issue | Part. A | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.institution | CNRS | en_US |
| bordeaux.peerReviewed | oui | en_US |
| bordeaux.inpress | non | en_US |
| bordeaux.import.source | dissemin | |
| hal.identifier | hal-03894886 | |
| hal.version | 1 | |
| hal.date.transferred | 2022-12-12T14:03:59Z | |
| hal.export | true | |
| workflow.import.source | dissemin | |
| dc.rights.cc | Pas de Licence CC | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Economic%20Modelling&rft.date=2016-01-01&rft.volume=52&rft.issue=Part.%20A&rft.spage=26-34&rft.epage=26-34&rft.eissn=0264-9993&rft.issn=0264-9993&rft.au=BRANA,%20Sophie&PRAT,%20Stephanie&rft.genre=article |
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