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The Asian Flu and Russian Virus : Firm-Level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin J. - 2022

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10013322873

The "Big C" : Identifying Contagion

Forbes, Kristin J. - 2012

contagion, highlighting contagion risks in the euro area. The paper defines "interdependence" as high correlations across … increased dramatically over time, especially within the euro area, even after controlling for global shocks and changes in … analyzing policies designed to mitigate contagion, especially for the current crisis in the euro area …

Persistent link: https://www.econbiz.de/10013099134

Are Trade Linkages Important Determinants of Country Vulnerability to Crises?

Forbes, Kristin J. - 2021

This paper measures whether trade linkages are important determinants of a country's vulnerability to crises that originate elsewhere in the world. It explains that trade can transmit crises internationally via three distinct, and possible counteracting, channels: a competitiveness effect (when...

Persistent link: https://www.econbiz.de/10013313643

Capital Flow Waves—Or Ripples? Extreme Capital Flow Movements Since the Crisis

Forbes, Kristin J.; Warnock, Francis E. - 2022

Has the occurrence of “extreme capital flow movements”—episodes of sudden surges, stops, flight and retrenchment—changed since the Global Financial Crisis (GFC)? This paper addresses this question by updating and building on the dataset and methodology introduced in Forbes and Warnock...

Persistent link: https://www.econbiz.de/10013321647

Debt- and Equity-Led Capital Flow Episodes

Forbes, Kristin J. - 2012

Forbes and Warnock (2012) identify episodes of extreme capital flow movements--surges, stops, flight, and retrenchment--and find that global factors, especially global risk, are significantly associated with extreme capital flow episodes whereas domestic macroeconomic characteristics and capital...

Persistent link: https://www.econbiz.de/10013101806