The paper analyses and compares the role that the tightening in liquidity conditions and the collapse in risk appetite … empirical exercise with a Global VAR approach, the findings highlight the diversity of the transmission process. While liquidity … played for the global transmission of the financial crisis. Dealing with identification and the large dimensionality of the …

finds that common shocks--key crisis events as well as changes to global liquidity and risk--have exerted a large effect on … risk and the strength of domestic macroeconomic fundamentals. Comparing and quantifying these effects shows that common …

We study the changing international transmission of US financial shocks over the period 1971-2009. Financial shocks are … transmission to GDP growth in European countries has increased gradually since the 1980s, consistent with financial globalization …

investigate how such a bank capital requirement affects the international transmission of productivity and loan default shocks …. Three findings emerge. First, the bank's capital requirement has little effect on the international transmission of … thus suggest that global banks may have played an important role in the international transmission of the crisis. …

the cross-section of banks; and, the negative German loading reflects funding risk (flight away from bank funding to … German government bonds), a risk that is increasing in the US money market mutual fund exposures of European banks as well as … various proxies for bank short-term debt. Large banks and banks with low Tier 1 ratios and high risk-weighted assets had …

assets. The target is the level of assets that balances impatience, prudence, risk, intertemporal substitution, and the rate …