(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain … common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …

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 …

(the VIX, the US interest rate and real exchange rate, US GDP growth, and world commodity prices) that explain much of the … exhibits a 'globalization' stage up to 2007, during which they acquire growing importance, followed by a phase of …

, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the … exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase of …