Browse

You are looking at 1 - 2 of 2 items :

  • Type: Books and Journals x
  • Business and Economy x
  • United Kingdom x
  • IMF Working Papers x
Clear All Modify Search
International Reserves-Too Much of a Zipf's Thing

International Reserves-Too Much of a Zipf's Thing »

Volume/Issue: 2008/11

Series: IMF Working Papers

Author(s): Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

DOI: http://dx.doi.org/10.5089/9781451868739.001

ISBN: 9781451868739

Keywords: Gibrat&;amp;#x2019;s law, Zipf&;amp;#x2019;s law, statistics, samples, reserve holdings, reserve accumulation

Concentrated distribution of international reserves is puzzling. I show that the growth rates of international reserves bear only a very weak relationship to their initial stocks (scaled by GDP or in absolute terms...

Stock Returns and Output Growth in Emerging and Advanced Economies

Stock Returns and Output Growth in Emerging and Advanced Economies »

Volume/Issue: 2000/89

Series: IMF Working Papers

Author(s): Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2000

DOI: http://dx.doi.org/10.5089/9781451851274.001

ISBN: 9781451851274

Keywords: Leading indicators, emerging markets, stock returns, stock market, correlation, stock price, statistics

This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market econom...