Mostrar el registro sencillo del ítem

dc.rights.licenseTodos los derechos reservados
dc.contributor.authorCayon-Fallon, Edgardospa
dc.date.accessioned2022-02-06T16:50:23Z
dc.date.available2020-02-06T16:50:23Z
dc.date.copyright2015
dc.date.issued2015
dc.identifier.isbn9789588722849
dc.identifier.urihttp://hdl.handle.net/10726/2434
dc.description.abstractHowever, one key difference between this crisis and other crises in the past was the resilience (immunity) or the short term effect of the crisis on emerging markets. Dooley and Hutchison (2009) were the first ones to find evidence in support of the decoupling hypothesis of emerging markets during the early phases of the crisis. Since then the hypothesis have been tested by other researchers (for recent surveys see: Beirne and Gieck, 2014; Koksal and Orhan, 2013).eng
dc.format.extent103 páginasspa
dc.format.mimetypeapplication/pdfeng
dc.language.isoeng
dc.publisherColegio de Estudios Superiores de Administración - CESA
dc.rightsCopyright Colegio de Estudios Superiores de Administración CESA 2015
dc.rightsCopyrights Edgardo Cayón Fallón 2015
dc.source.urihttps://www.editorialcesa.com/gpd-the-effects-of-contagion-during-the-global-financial-crisis-in-government-regulated-and-sponsored-assets-in-emerging-markets-9789588722849.html
dc.subjectAdministración y Empresaspa
dc.subject.ddc332.456 / C318e
dc.titleThe Effects of contagion during the global financial crisis in government regulated And sponsored assets in emerging markets : the case of Colombian pension funds and State Owned Enterprises (SOEs) in BRIC countries
dc.rights.localAcceso restringido (solo lectura en línea)
dc.type.versioninfo:eu-repo/semantics/acceptedVersion
dc.relation.referencesAcharya, V. V., and Franks, J. (2009). Guarantees: a double-edged sword. Banker, 8-8.eng
dc.relation.referencesAgosin, M. R., and Huaita, F. (2011). Capital Flows to Emerging Economies: Minsky in the Tropics. Cambridge Journal of Economics, 35(4), 663-683.eng
dc.relation.referencesAIOS. (2011, 10 20). Estadisticas: AIOS. AIOS. Retrieved from [http://www.aiosfp.org/].spa
dc.relation.referencesArrau, P., and Schmidt-Hebbel, K. (1995). Pensions systems and reform : country experiences and research issues (P. R. Department, Trans.) Policy Research Working Paper (Vol. 1): World Bank.eng
dc.relation.referencesAsofondos. (2011, 09 8). Centro de informacion consolidada Asofondos. Retrieved from [http:// www.asofondos.org.co/VBeContent/home.asp], and [https://cica.heinsohn.com.co/cica/PaginasPublicas/ConsultasPublicas.aspx].eng
dc.relation.referencesBagliano, F. C., and Morana, C. (2012). The Great Recession: US dynamics and spillovers to the world economy. Journal of Banking and Finance, 36(1), 1-13.eng
dc.relation.referencesBaur, D. G. (2013). The structure and degree of dependence: A quantile regression approach. Journal of Banking & Finance, 37(3), 786-798.eng
dc.relation.referencesBeirne, J., et al. (2008). Volatility Spillovers and Contagion from Mature to Emerging Stock Markets. International Monetary Fund, IMF Working Papers: 08/286. Retrieved from[http://www.imf.org/external/pubs/ft/wp/2008/wp08286.pdf].eng
dc.relation.referencesBeirne, J., and Gieck, J. (2014). Interdependence and Contagion in Global Asset Markets. Review of International Economics, 22(4), 639-659.eng
dc.relation.referencesBekaert, G., et al. (2011). Global Crises and Equity Market Contagion Working Paper Series: National Bureau of Economic Research.eng
dc.relation.referencesBekaert, G., and Harvey, C. R. (1995). Time-Varying World Market Integration. Journal of Finance, 50(2), 403-444.eng
dc.relation.referencesBekaert, G., et al. (2011). What Segments Equity Markets? Review of Financial Studies, 24(12), 3841-3890.eng
dc.relation.referencesBekaert, G., et al. (2005). Market Integration and Contagion. Journal of Business, 78(1), 32-69.eng
dc.relation.referencesBloomberg. Bloomberg/EEFAS Bond Indices. 2012. Retrieved from [http://www.bloomberg.com/quote/EU15TR:ind].eng
dc.relation.referencesBorisova, G., and Megginson, W. L. (2011). Does Government Ownership Affect the Cost of Debt? Evidence from Privatization. The Review of Financial Studies, 24(8), 2693-2737.eng
dc.relation.referencesBortolotti, B., et al. (2004). Privatisation around the world: evidence from panel data. Journal of Public Economics, 88(1–2), 305-332.eng
dc.relation.referencesBortolotti, B., and Perotti, E. (2007). From Government to Regulatory Governance: Privatization and the Residual Role of the State. World Bank Research Observer, 22(1), 53-66.eng
dc.relation.referencesBoubakri, N., and Cosset, J.-C. (1998). The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries. Journal of Finance, 53(3), 1081-1110.eng
dc.relation.referencesBoyer, B. H., et al. (2006). How Do Crises Spread? Evidence from Accessible and Inaccessible Stock Indices. Journal of Finance, 61(2), 957-1003.eng
dc.relation.referencesCalvo, S., and Reinhart, C. M. (1999). Capital Flows to Latin America: Is There Evidence of Contagion Effects? The World Bank, Policy Research Working Paper Series: 1619. Retrieved from [http://econ.worldbank.org/files/13465_wps1619.pdf].eng
dc.relation.referencesCarhart, M. M. (1997). On Persistence in Mutual Fund Performance. Journal of Finance, 52(1), 57-82eng
dc.relation.referencesChen, G., et al. (2009). Does the Type of Ownership Control Matter? Evidence from China’s Listed Companies. Journal of Banking and Finance, 33(1), 171-181.eng
dc.relation.referencesChiang, T. C., et al. (2007). Dynamic correlation analysis of financial contagion: Evidence from Asian markets. Journal of International Money & Finance, 26(7), 1206-1228.eng
dc.relation.referencesD’Souza, J., and Megginson, W. L. (1999). The Financial and Operating Performance of Privatized Firms During the 1990s. Journal of Finance, 54(4), 1397-1438.eng
dc.relation.referencesDaniel, K., et al. (2012). Tail Risk in Momentum Strategy Returns. Columbia University.eng
dc.relation.referencesDavis, P. (2001). Portfolio regulation of life insurance companies and pension funds. OECD. London. Retrieved from [http://www.oecd.org/insurance/privatepensions/2401884.pdf].eng
dc.relation.referencesDewenter, K. L., and Malatesta, P. H. (2001). State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity. American Economic Review, 91(1), 320-334.eng
dc.relation.referencesDinç, I. S. (2005). Politicians and banks: Political influences on government-owned banks in emerging markets. Journal of Financial Economics, 77(2), 453-479.eng
dc.relation.referencesDinc, I. S., and Gupta, N. (2011). The Decision to Privatize: Finance and Politics. Journal of Finance, 66(1), 241-269.eng
dc.relation.referencesDooley, M., and Hutchison, M. (2009). Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling–recoupling hypothesis. Journal of International Money and Finance, 28(8), 1331-1349.eng
dc.relation.referencesDufrénot, G., et al. (2011). The effects of the subprime crisis on the Latin American financial markets: An empirical assessment. Economic Modelling, 28(5), 2342-2357.eng
dc.relation.referencesDungey, M., et al. (2005). Empirical Modelling of Contagion: A Review of Methodologies. Quantitative Finance, 5(1), 9-24.eng
dc.relation.referencesDungey, M., et al. (2010). Unobservable Shocks as Carriers of Contagion. Journal of Banking and Finance, 34(5), 1008-1021.eng
dc.relation.referencesEdwards, S. (1998). Interest Rate Volatility, Capital Controls, and Contagion. National Bureau of Economic Research, Inc, NBER Working Papers: 6756. Retrieved from [http://www.nber.org/papers/w6756.pdf].eng
dc.relation.referencesEngle, R. (2002). Dynamic conditional correlation: A simple class of multivariate generalized autoregressive conditional heteroskedasticity models. Journal of Business & Economic Statistics, 20(3), 339-350.eng
dc.relation.referencesEstrin, S., et al. (2009). The Effects of Privatization and Ownership in Transition Economies. Journal of Economic Literature, 47(3), 699-728.eng
dc.relation.referencesFaccio, M. (2010). Differences between Politically Connected and Nonconnected Firms: A Cross-Country Analysis. Financial Management (Blackwell Publishing Limited), 39(3), 905-928.eng
dc.relation.referencesFaccio, M., et al. (2006). Political Connections and Corporate Bailouts. Journal of Finance, 61(6), 2597-2635.eng
dc.relation.referencesFama, E. F. (1980). Agency Problems and the Theory of the Firm. Journal of Political Economy, 88(2), 288-307.eng
dc.relation.referencesFama, E. F., and French, K. R. (1993). Common Risk Factors in the Returns on Stock and Bonds. Journal of Financial Economics, 33(1), 3-56.eng
dc.relation.referencesFama, E. F., and French, K. R. (1998). Value versus Growth: The International Evidence. Journal of Finance, 53(6), 1975-1999.eng
dc.relation.referencesFazio, G. (2007). Extreme Interdependence and Extreme Contagion between Emerging Markets. Journal of International Money and Finance, 26(8), 1261-1291.eng
dc.relation.referencesFEDNewYork. (2011). Financial Turmoil Timeline Acrobat Reader. New York.eng
dc.relation.referencesFelices, G., and Wieladek, T. (2012). Are emerging market indicators of vulnerability to financial crises decoupling from global factors? Journal of Banking and Finance, 36(2), 321-331.eng
dc.relation.referencesFinnerty, J. D., et al. (2011). Regulatory Uncertainty and Financial Contagion: Evidence from the Hybrid Capital Securities Market. Financial Review, 46(1), 1-42.eng
dc.relation.referencesFirth, M., et al. (2010). Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China. Journal of Financial & Quantitative Analysis, 45(3), 685-706eng
dc.relation.referencesForbes, K. J., and Rigobon, R. (2002). No Contagion, Only Interdependence: Measuring Stock Market Comovements. Journal of Finance, 57(5), 2223-2261.eng
dc.relation.referencesFrank, N., and Hesse, H. (2009). Financial Spillovers to Emerging Markets during the Global Financial Crisis. Finance a Uver/Czech Journal of Economics and Finance, 59(6), 507-521.eng
dc.relation.referencesFujii, E. (2005). Intra and Inter-regional Causal Linkages of Emerging Stock Markets: Evidence from Asia and Latin America in and Out of Crises. Journal of International Financial Markets, Institutions and Money, 15(4), 315-342.eng
dc.relation.referencesGlosten, L. R., et al. (1993). On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks. The Journal of Finance, 48(5), 1779-1801.eng
dc.relation.referencesGupta, N. (2005). Partial Privatization and Firm Performance. Journal of Finance, 60(2), 987-1015.eng
dc.relation.referencesGutierrez, C., and Gaglianone, W. P. (2008). Evaluating Asset Pricing Models in a Fama-French Framework. Working Paper Series. Central Bank of Brazil, Research Department.eng
dc.relation.referencesHamao, Y., et al. (1990). Correlations in Price Changes and Volatility across International Stock Markets. Review of Financial Studies, 3(2), 281-307.eng
dc.relation.referencesHart, O., et al. (1997). The Proper Scope of Government: Theory and an Application to Prisons. Quarterly Journal of Economics, 112(4), 1127-1161.eng
dc.relation.referencesHe, T., et al. (2012). Dividends Behavior in State- Versus Family-Controlled Firms: Evidence from Hong Kong. Journal of Business Ethics, 110(1), 97-112.eng
dc.relation.referencesHolmstrom, B., and Tirole, J. (1993). Market Liquidity and Performance Monitoring. Journal of Political Economy, 101(4), 678-709.eng
dc.relation.referencesHolzmann, R., et al. (2008). Pension Systems and Reform Conceptual Framework. World Bank, SP Discussion Paper Retrieved from [http://web.worldbank.org/wbsite/external/topics/extsocialprotection/0,contentmdk:20222254~menuPK:282656~pagePK:148956~piPK:216618~theSitePK:282637~isCURL:Y,00.html].eng
dc.relation.referencesHong, H., and Kacperczyk, M. (2009). The price of sin: The effects of social norms on markets. Journal of Financial Economics, 93(1), 15-36.eng
dc.relation.referencesHossain, M., et al. (2013). State ownership and bank equity in the Asia-Pacific region. PacificBasin Finance Journal, 21(1), 914-931.eng
dc.relation.referencesImpavido, G., and Tower, I. (2009). How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter. International Monetary Fund, IMF Working Papers: 09/151. Retrieved from [http://www.imf.org/external/pubs/ft/wp/2009/wp09151.pdf]eng
dc.relation.referencesJPMorgan. (1999). Introducing the J.P Morgan Emerging Market Bond Index Global (EMBI Global). 2012. Retrieved from [http://faculty.darden.virginia.edu/liw/emf/embi.pdf].eng
dc.relation.referencesKallberg, J. G., et al. (2005). An Examination of the Asian Crisis: Regime Shifts in Currency and Equity Markets. Journal of Business, 78(1), 169-211.eng
dc.relation.referencesKaminsky, G. L., and Reinhart, C. M. (1999). The Twin Crises: The Causes of Banking and Balance-of-Payments Problems. American Economic Review, 89(3), 473-500.eng
dc.relation.referencesKnyazeva, A., et al. (2009). Ownership changes and access to external financing. Journal of Banking & Finance, 33(10), 1804-1816.eng
dc.relation.referencesKoenker, R., and Bassett Jr, G. (1978). Regression Quantiles. Econometrica, 46(1), 33-50.eng
dc.relation.referencesKoenker, R., and Xiao, Z. (2006). Quantile Autoregression. Journal of the American Statistical Association, 101(475), 980-990.eng
dc.relation.referencesKöksal, B., and Orhan, M. (2013). Market Risk of Developed and Emerging Countries During the Global Financial Crisis. Emerging Markets Finance & Trade, 49(3), 20-34.eng
dc.relation.referencesKorkmaz, T., et al. (2012). Return and volatility spillovers among CIVETS stock markets. Emerging Markets Review, 13(2), 230-252.eng
dc.relation.referencesLa Porta, R., and López-de-Silanes, F. (1999). The Benefits of Privatization: Evidence from Mexico. Quarterly Journal of Economics, 114(4), 1193-1242eng
dc.relation.referencesLa Porta, R., et al. (2002). Government Ownership of Banks. Journal of Finance, 57(1), 265-301.eng
dc.relation.referencesLi, K., et al. (2011). Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China. The Review of Financial Studies, 24(7), 2499-2525.eng
dc.relation.referencesLiu, Q., and Siu, A. (2011). Institutions and Corporate Investment: Evidence from InvestmentImplied Return on Capital in China. The Journal of Financial and Quantitative Analysis, 46(6), 1831-1863.eng
dc.relation.referencesLongin, F., and Solnik, B. (1995). Is the Correlation in International Equity Returns Constant: 1960-1990? Journal of International Money and Finance, 14(1), 3-26.eng
dc.relation.referencesMcGuinness, P. B. (2012). The Role of ‘Cornerstone’ Investors and the Chinese State in the Relative Underpricing of State- and Privately Controlled IPO Firms. Applied Financial Economics, 22(16-18), 1529-1551.eng
dc.relation.referencesMegginson, W. L., et al. (2004). The Choice of Private versus Public Capital Markets: Evidence from Privatizations. The Journal of Finance, 59(6), 2835-2870eng
dc.relation.referencesMegginson, W. L., et al. (1994). The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis. Journal of Finance, 49(2), 403-452.eng
dc.relation.referencesMSCI. (2011). Index definitions. Retrived from [http://www.msci.com/products/indices/tools/ index.html#EM].eng
dc.relation.referencesNguyen, T. T., and van Dijk, M. A. (2012). Corruption, growth, and governance: Private vs. state-owned firms in Vietnam. Journal of Banking & Finance, 36(11), 2935-2948.eng
dc.relation.referencesOcampo, J. A. (2009). Latin America and the global financial crisis. Cambridge Journal of Economics, 33(4), 703-724.eng
dc.relation.referencesOECD. (2011, 10 20). OECD. StatExtracts. Retrieved from [http://stats.oecd.org/index.aspx]eng
dc.relation.referencesPericoli, M., and Sbracia, M. (2003). A Primer on Financial Contagion. Journal of Economic Surveys, 17(4), 571-608.eng
dc.relation.referencesPesaran, B., and Pesaran, M. H. (2010). Conditional Volatility and Correlations of Weekly Returns and the VaR Analysis of 2008 Stock Market Crash. Cesifo Working Paper No. 3023.eng
dc.relation.referencesPing, W., and Moore, T. (2008). Stock Market Integration for the Transition Economies: TimeVarying Conditional Correlation Approach. Manchester School (14636786), 76, 116-133eng
dc.relation.referencesPino, A., and Yermo, J. (2010). The impact of the 2007-2009 crisis on social security and private pension funds: A threat to their financial soundness? International Social Security Review, 63(2), 5-30.eng
dc.relation.referencesPowell, A. P., and Martinez S., J. F. (2008). On Emerging Economy Sovereign Spreads and Ratings. SSRN eLibraryeng
dc.relation.referencesReinhart, C. M., and Rogoff, K. S. (2008). This Time is Different: A Panoramic View of Eight Centuries of Financial Crises. SSRN eLibrary.eng
dc.relation.referencesRodriguez, J. C. (2007). Measuring financial contagion: A Copula approach. Journal of Empirical Finance, 14(3), 401-423.eng
dc.relation.referencesSappington, D. E. M., and Stiglitz, J. E. (1987). Privatization, Information and Incentives. Journal of Policy Analysis & Management, 6(4), 567-582.eng
dc.relation.referencesShapiro, C., and Willing, D. R. (1990). Economic Rationales for the Scope of Privatization. In E. N. Suleiman & J. Waterbury (Eds.), Political economy of public sector reform and privatization (pp. 55-87). Boulder: Westview Press.eng
dc.relation.referencesShleifer, A. (1998). State versus Private Ownership. Journal of Economic Perspectives, 12(4), 133-150.eng
dc.relation.referencesShleifer, A., and Vishny, R. W. (1994). Politicians and Firms. Quarterly Journal of Economics, 109(4), 995-1025.eng
dc.relation.referencesSubrahmanyam, A., and Titman, S. (1999). The Going-Public Decision and the Development of Financial Markets. Journal of Finance, 54(3), 1045-1082.eng
dc.relation.referencesSuperfinanciera. (2003, 08). Histórico de Circulares Superintendencia Bancaria de Colombia. Circulares externas 2003. from [http://www.superfinanciera.gov.co/].eng
dc.relation.referencesSuperfinanciera. (2011). Pensiones, Cesantias y Fiduciarias. Portafolio de Inversión - Fondos de Pensiones Obligatorias - Conservador. Retrieved 11/28, 2011, from http://www.superfinanciera.gov.co/spa
dc.relation.referencesTheCityUK. (2011). Fund Management. Retrieved 02/07/2010, 2012. Retrieved from [http://www.thecityuk.com/assets/Uploads/FundManagement-2011.pdf].eng
dc.relation.referencesUNCTAD. (2012). World Investment Report (pp. 204). New York: United Nations.eng
dc.relation.referencesWang, P., and Moore, T. (2012). The integration of the credit default swap markets during the US subprime crisis: Dynamic correlation analysis. Journal of International Financial Markets, Institutions and Money, 22(1), 1-15.eng
dc.type.localLibro de investigaciónspa
dc.type.coarhttp://purl.org/coar/resource_type/c_2f33
dc.subject.bisac[BUS000000] Negocios económicos ; General
dc.subject.thema[KJ] Economía, finanzas, empresa y gestión ; Empresa y gestión
dc.description.editionPrimera edición
dc.contributor.orcidCayon-Fallon, Edgardo [0000-0002-4113-5521]
dc.subject.armarcCrisis financieraspa
dc.subject.armarcPaís en desarrollo - Colombiaspa
dc.subject.armarcRiesgo - Finanzasspa
dc.subject.armarcEmpresas - Toma de decisiones - Colombiaspa
dc.type.driverinfo:eu-repo/semantics/book
dc.type.redcolhttp://purl.org/redcol/resource_type/LIB
dc.contributor.scopusCayon-Fallon, Edgardo [56395390800]
local.ROBOTSnofolow,noarchive


Ficheros en el ítem

FicherosTamañoFormatoVer

No hay ficheros asociados a este ítem.

Este ítem aparece en la(s) siguiente(s) colección(ones)

  • Investigación [33]
    Acceso abierto: 100 % del contenido del libro para consulta en línea

Mostrar el registro sencillo del ítem