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Real-Time Weakness of the Global Economy : A First Assessment of the Coronavirus Crisis

Leiva‐Leon, Danilo - 2020

provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …

Persistent link: https://www.econbiz.de/10012838842

Patterns in Invoicing Currency in Global Trade

Georgiadis, Georgios - 2020

This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...

Persistent link: https://www.econbiz.de/10012825651

America First? A US-centric View of Global Capital Flows

McQuade, Peter - 2019

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining “rest of the world” flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

Persistent link: https://www.econbiz.de/10012892830

The Evolving Impact of Global, Region-Specific and Country-Specific Uncertainty

Mumtaz, Haroon - 2018

We build a dynamic factor model with time-varying parameters and stochastic volatility and use it to decompose the variance of a large set of financial and macroeconomic variables for 22 OECD countries spanning from 1960 onwards into contributions from country-specific uncertainty,...

Persistent link: https://www.econbiz.de/10012920180

EME Financial Conditions : Which Global Shocks Matter?

Lodge, David - 2019

This paper provides a quantitative assessment of the relative importance of global structural shocks for changes in financial conditions across a sample of emerging market economies. We disentangle four key drivers of global financial markets (oil supply shocks, global economic news shocks,...

Persistent link: https://www.econbiz.de/10012869957

Determinants of Global Spillovers from US Monetary Policy

Georgiadis, Georgios - 2015

policy generates sizable output spillovers to the rest of the world, which are larger than the domestic effects in the US for …

Persistent link: https://www.econbiz.de/10013014615

Reading the Footprints : How Foreign Investors Shape Countries’ Participation in Global Value Chains

Buelens, Christian - 2017

We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs – measured by linguistic and geographical proximity – are more relevant for trade that reflects cross-border...

Persistent link: https://www.econbiz.de/10012956243

Large Global Volatility Shocks, Equity Markets and Globalisation : 1885-2011

Mehl, Arnaud - 2015

I estimate the transmission of large global volatility shocks in international equity markets from the earlier (pre-1914) to the modern era of globalisation. To that end, I identify 43 such shocks over the period 1885-2011, defined as significant increases in unanticipated volatility in US...

Persistent link: https://www.econbiz.de/10013035639

Global Value Chains : Surveying Drivers and Measures

Amador, Joao L.M. - 2014

The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...

Persistent link: https://www.econbiz.de/10013045551

Global Credit Risk : World, Country and Industry Factors

Schwaab, Bernd - 2016

sovereign debt crisis. We find that macro and default-specific world factors are a primary source of default clustering across …

Persistent link: https://www.econbiz.de/10012988595