The paper analyses and compares the role that the tightening in liquidity conditions and the collapse in risk appetite … shocks have had a more severe impact on advanced economies, it was mainly the decline in risk appetite that affected emerging … empirical exercise with a Global VAR approach, the findings highlight the diversity of the transmission process. While liquidity …

The paper analyses the transmission of liquidity shocks and risk shocks to global financial markets. Using a Global VAR … strong during the 2010-11 sovereign debt crisis, with risk shocks driving down bond yields in key advanced economies. The … resilient to adverse shocks in 2010-11. Moreover, a flight-to-safety phenomenon across asset classes has become particularly …

liquidity and its relationship to the net-exports and GDP, and using database from 1968 to 2009, we estimate SVAR model founded … international liquidity i.e. more foreign reserves assets leads in the long-run to real economic growth after its fall back in the … that the simulated negative shocks from the monetary authorities would reduce the saving glut effect in the Saudi economy …

in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables … US, the shock was not significant. Resultantly, these regions exhibited a decoupling phenomenon during the subprime …

period. Our results show that Latin American equity markets seem to respond differently to shocks in the US stock markets in …

account only for about 8% of US asset price changes. The international propagation of shocks is strengthened in times of … to other domestic asset price shocks, and that there are also substantial international spillovers, both within and … across asset classes. The results underline the dominance of US markets as the main driver of global financial markets: US …

account only for about 8% of US asset price changes. The international propagation of shocks is strengthened in times of … to other domestic asset price shocks, and that there are also substantial international spillovers, both within and … across asset classes. The results underline the dominance of US markets as the main driver of global financial markets: US …

In this note, we attempt to place the question of how we got to the global financial crisis that began as the US …”, financial crises of the severity and duration of what we are undergoing in the US and elsewhere in Europe were deemed improbable …

-market risk interdependence. Conditional on the US capital markets being in financial distress, idiosyncratic shocks to the top 10 … and 2011, we find that idiosyncratic shocks to large institutional investors explain both aggregate market risk and cross …% largest funds investing in the US explain about 40% of the risk fluctuations in other non-US markets. The findings are also …

The overly accommodating monetary policy is often accused of creating surplus liquidity and bubbles on the asset … significant impact on financial stability in these countries, affecting domestic financing conditions and creating a risk of … upward pressures on asset prices. We focus in this paper on the impact of global excess liquidity on good and asset prices …