𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Asymmetric impacts of global risk appetite on the risk premium for an emerging market

✍ Scribed by İbrahim Burak Kanlı

Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
373 KB
Volume
387
Category
Article
ISSN
0378-4371

No coin nor oath required. For personal study only.

✦ Synopsis

This paper analyzes the impact of global risk appetite on the risk premium utilizing high-frequency data. Taking the Turkish economy as our laboratory, we find that the risk premium volatility responds only to a worsening in the risk appetite for the Turkish economy, which is a result that we do not observe for the other emerging markets. Then, we investigate the role of current account dynamics on this asymmetric effect, by focusing also on an economy with similar current account performance. The empirical results find supporting evidence for the role of current account dynamics on the estimated asymmetry.

📜 SIMILAR VOLUMES

An analysis for risk impact of Emergency
An analysis for risk impact of Emergency Diesel Generator on modified Surveillance Test Interval by considering failure due to demand stress
✍ Sun Yeong Choi; Jooho Lee; Joon-Eon Yang 📂 Article 📅 2010 🏛 Elsevier Science 🌐 English ⚖ 144 KB

The common practice for the estimation of the probability of a component failure to start on demand is to lump together standby failures and failures due to the stress induced by the demand itself. In this paper, a failure by demand stress as well as a standby failure is considered separately to est

083042 (M52, M10) On calculating the ris
083042 (M52, M10) On calculating the risk premium for an excess of loss cover with an annual aggregate deductible and a limited number of reinstatements : Rytgaard M., XXVII Astin Colloquium, Copenhagen, Denmark, 1996, Volume 1, pp. 82–94
📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 90 KB

pronounced difficulties in obtaining a foothold in international markets. Dominance of traditional western European reinsurance centers, which prevailed throughout the early development phases of American reinsurance, continued long into the postwar period. Particularly surprising results were found