Showing 1 - 10 of 2,162
This paper discusses the relation between trade and competition, revising the literature and using indicators, build … domestic competition is explained by concentration indices, such as CR4 and HHI, which show positive correlation with profit …) in the world economy. Our purpose is to extend these discussions and findings to the Brazilian case. Empirical results …
Persistent link: https://www.econbiz.de/10014429351
We operationalize the definition of systemic risk provided by the IMF, BIS, and FSB and derive testable hypotheses to identify indicators of systemic risk. We map these hypotheses into a two-stage hierarchical testing framework, combining insights from the early-warning literature on financial...
Persistent link: https://www.econbiz.de/10012234486
Persistent link: https://www.econbiz.de/10012655855
Persistent link: https://www.econbiz.de/10011668722
This paper contributes to the literature on early warning indicators by applying a Bayesian model averaging approach. Our analysis, based on Austrian data, is carried out in two steps: First, we construct a quarterly financial stress index (AFSI) quantifying the level of stress in the Austrian...
Persistent link: https://www.econbiz.de/10010458174
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
Persistent link: https://www.econbiz.de/10009720899
We show that financial crises are preceded by changes in specific types of narrative information contained in newspaper article titles. Our novel international dataset and the resulting empirical evidence are gathered by integrating information from a large panel of economic news articles in...
Persistent link: https://www.econbiz.de/10012695692
Persistent link: https://www.econbiz.de/10000883902
Persistent link: https://www.econbiz.de/10000945281
Persistent link: https://www.econbiz.de/10000798661