Similar Search Results

Interdependence and Contagion in Global Asset Markets

Beirne, John - 2012

This paper provides an empirical assessment of interdependence and contagion across three asset classes (bonds, stocks, and currencies) for over 60 economies over the period 1998 to 2011. Using a global VAR, we test for changes in the transmission mechanism – both within and cross-market...

Persistent link: https://www.econbiz.de/10013100396

Global Crises and Equity Market Contagion

Bekaert, Geert; Ehrmann, Michael; Fratzscher, Marcel; … - 2021

quality of countries’ economic fundamentals and policies. Consequently, we reject the globalization hypothesis that links the …

Persistent link: https://www.econbiz.de/10013315979

Growth, Real Exchange Rates and Trade Protectionism Since the Financial Crisis

Georgiadis, Georgios - 2013

Existing evidence suggests that protectionist activity since the financial crisis has been muted, raising the question whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken down. This paper re-visits this relationship for the...

Persistent link: https://www.econbiz.de/10013072606

The Global Financial Crisis : Trying to Understand the Global Trade Downturn and Recovery

Anderton, Robert; Tewolde, Tadios - 2021

2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade … world imports during the crisis, while declines in the highly import-intensive expenditure category of investment also … amplified the downturn in world trade and partly explains its high-degree of synchronisation across the globe. In addition, the …

Persistent link: https://www.econbiz.de/10013315987

Crisis Severity and the International Trade Network

Valentinyine Endresz, Marianna - 2017

In this paper we analyse the role of the international trade network for the strength of the global recession across countries. The novelty of our paper is the use of value-added trade data to capture the importance of trade network structure. We estimate with BMA techniques how far network...

Persistent link: https://www.econbiz.de/10012965544

Exports and Sectoral Financial Dependence : Evidence on French Firms During the Great Global Crisis

Bricongne, Jean-Charles - 2010

The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly been analysed at the macroeconomic or sectoral level. However, exporters who are heterogeneous in terms of productivity, size or external financial dependence should be...

Persistent link: https://www.econbiz.de/10013141112

Financial Globalisation, Monetary Policy Spillovers and Macro-Modelling : Tales from 1001 Shocks

Georgiadis, Georgios - 2017

Financial globalisation and spillovers have gained immense prominence over the last two decades. Yet, powerful cross-border financial spillover channels have not become a standard element of structural monetary models. Against this background, we hypothesise that New Keynesian DSGE models that...

Persistent link: https://www.econbiz.de/10012953383

Getting Beyond Carry Trade : What Makes a Safe Haven Currency?

Habib, Maurizio Michael - 2011

There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...

Persistent link: https://www.econbiz.de/10013131638

Bank Risk During the Financial Crisis : Do Business Models Matter?

Altunbas, Yener - 2011

We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth. Business models related to significantly reduced bank...

Persistent link: https://www.econbiz.de/10013119519

What Does a Financial Shock Do? First International Evidence

Fornari, Fabio - 2013

In this paper we attempt to evaluate the quantitative impact of financial shocks on key indicators of real activity and financial conditions. We focus on financial shocks as they have received wide attention in the recent literature and in the policy debate after the global financial crisis. We...

Persistent link: https://www.econbiz.de/10013086130