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Emerging Asia's growth and integration : how autonomous are business cycles?

Rüffer, Rasmus (contributor); Sánchez, Marcelo (contributor) - 2007

Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the … role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten …

Persistent link: https://www.econbiz.de/10003410600

Has emerging Asia decoupled? : an analysis of production and trade linkages using the Asian international input-output table

Pula, Gabor; Peltonen, Tuomo - 2009

dependence of emerging Asia on external demand. This paper analyses, using an update of the Asian International Input-Output (AIO … linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On … indicates that emerging Asia's dependence on exports is only about one-third of its GDP, i.e. well below the 50% exposure …

Persistent link: https://www.econbiz.de/10003826566

Country and sector-specific spillover effects in the euro area, the United States and Japan

Kaltenhaeuser, Bernd - 2003

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

Persistent link: https://www.econbiz.de/10009635881

Financial regulation, financial globalization and the synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

We identify the effect of financial integration on international business cycle synchronization, by utilizing a confidential database on banks' bilateral exposure and employing a country-pair panel instrumental variables approach. Countries that become more integrated over time have less...

Persistent link: https://www.econbiz.de/10003986638

EMU and European government bond market integration

Abad, Pilar; Chuliá, Helena; Gómez Puig, Marta - 2009

The main objective of this paper is to study whether the introduction of the euro had an impact on the degree of integration of European Government bond markets. We adopt the CAPM-based model of Bekaert and Harvey (1995) to compare, from the beginning of Monetary Union until June 2008, the...

Persistent link: https://www.econbiz.de/10003963733

Interbank market integration, loan rates, and firm leverage

Ongena, Steven; Popov, Alexander - 2010

We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...

Persistent link: https://www.econbiz.de/10008659379

Financial integration, specialization and systemic risk

Fecht, Falko; Grüner, Hans Peter; Hartmann, Philipp - 2012

Persistent link: https://www.econbiz.de/10009765228

Determinants of banking system fragility : a regional perspective

Degryse, Hans; Elahi, Muhammed Ather; Penas, María Fabiana - 2013

Persistent link: https://www.econbiz.de/10010195517

Diversification in Euro Area stock markets : country versus industry

Moerman, Gerard A. (contributor) - 2004

Persistent link: https://www.econbiz.de/10002124927

Risk and return in international corporate bond markets

Bekaert, Geert; De Santis, Roberto A. - 2020

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a pricing perspective, we find little to no evidence against the World CAPM model, where the market consists out of equity, sovereign and corporate bonds. However, from a factor...

Persistent link: https://www.econbiz.de/10012259354