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Spatial Dependence and Data-Driven Networks of International Banks

Craig, Ben R. - 2016

This paper computes data-driven correlation networks based on the stock returns of international banks and conducts a comprehensive analysis of their topological properties. We first apply spatial-dependence methods to filter the effects of strong common factors and a thresholding procedure to...

Persistent link: https://www.econbiz.de/10012977779

System Priors for Econometric Time Series

Andrle, Michal - 2017

The paper introduces 'system priors', their use in Bayesian analysis of econometric time series, and provides a simple and illustrative application. System priors were devised by Andrle and Benes (2013) as a tool to incorporate prior knowledge into an economic model. Unlike priors about...

Persistent link: https://www.econbiz.de/10012966549

Shadow Economies Around the World : What Did We Learn Over the Last 20 Years?

Medina, Leandro - 2018

We undertake an extended discussion of the latest developments about the existing and new estimation methods of the … Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric …

Persistent link: https://www.econbiz.de/10012927456

Banking on Women Leaders : A Case for More?

Sahay, Ratna - 2017

Using a new dataset, we measure the large gap between the representation of men and women in leadership positions in banks and bank supervision agencies worldwide. Women occupied less than 2 percent of bank CEOs positions, and less than 20 percent of the board seats in more than 80 percent of...

Persistent link: https://www.econbiz.de/10012945681

E-Commerce During COVID : Stylized Facts from 47 Economies

Alcedo, Joel; Cavallo, Alberto; Dwyer, Bricklin; … - 2022

We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with...

Persistent link: https://www.econbiz.de/10013295138

World Saving

Grigoli, Francesco - 2014

, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by …

Persistent link: https://www.econbiz.de/10013040407

Evolution of the Global Financial Network and Contagion : A New Approach

Korniyenko, Yevgeniya - 2018

This paper studies the interconnectedness of the global financial system and its susceptibilityto shocks. A novel multilayer network framework is applied to link debt and equityexposures across countries. Use of this approach-that examines simultaneously multiplechannels of transmission and...

Persistent link: https://www.econbiz.de/10012913917

The Systemic Impact of Debt Default in a Multilayered Global Network Model

Porter, Nathan; Tovar, Camilo E.; Treviño, Juan; … - 2022

develop a measure of global systemic risk and use bank stress testing techniques to quantify the systemic impact of the shock …

Persistent link: https://www.econbiz.de/10013491953

Illuminating Economic Growth

Hu, Yingyao - 2019

This paper seeks to illuminate the uncertainty in official GDP per capita measuresusing auxiliary data. Using satellite-recorded nighttime lights as an additional measurementof true GDP per capita, we provide a statistical framework, in which the error inofficial GDP per capita may depend on the...

Persistent link: https://www.econbiz.de/10012869295

Short-Term Wholesale Funding and Systemic Risk : A Global Covar Approach

Lopez-Espinosa, German - 2012

In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex … risk episodes. In contrast, we find no evidence that a larger size increases systemic risk within the class of large global … banks. We also show that the sensitivity of system-wide risk to an individual bank is asymmetric across episodes of positive …

Persistent link: https://www.econbiz.de/10013110094