Narrow search
Showing 1 - 10 of 1,061
Cover Image
Investing in Crises
Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
Persistent link: https://www.econbiz.de/10013227328
Cover Image
The Effect of G20 Summits on Global Financial Markets
Lo Duca, Marco - 2014
In the wake of the global financial crisis, the G20 has become the most important forum of global governance and cooperation, largely replacing the once powerful G7. In this paper we run an event study to test whether G20 meetings at ministerial and Leaders level have had an impact on global...
Persistent link: https://www.econbiz.de/10013058549
Cover Image
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
Cover Image
Investment Funds, Monetary Policy, and the Global Financial Cycle
Kaufmann, Christoph - 2021
financial markets world-wide gained importance during the post-crisis “second phase of global liquidity” (Shin, 2013). The …
Persistent link: https://www.econbiz.de/10013314948
Cover Image
The Portfolio of Euro Area Fund Investors and ECB Monetary Policy Announcements
Bubeck, Johannes; Habib, Maurizio Michael; Manganelli, … - 2021
This paper studies the impact of major ECB monetary policy announcements on the portfolio allocation of euro area fund investors, using daily data between 2012 and mid-2016, a period that includes a variety of unconventional measures. We distinguish between active portfolio reallocation, driven...
Persistent link: https://www.econbiz.de/10013315441
Cover Image
Price Drift Before U.S. Macroeconomic News : Private Information About Public Announcements?
Kurov, Alexander - 2016
We examine stock index and Treasury futures markets around releases of U.S. macroeconomic announcements. Seven out of 21 market-moving announcements show evidence of substantial informed trading before the official release time. Prices begin to move in the "correct" direction about 30 minutes...
Persistent link: https://www.econbiz.de/10012992424
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Balance Sheet Interlinkages and Macro-Financial Risk Analysis in the Euro Area
Castren, Olli - 2009
The financial crisis has highlighted the need for models that can identify counter-party risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures...
Persistent link: https://www.econbiz.de/10013153431