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of individual bond markets in recent years has been impressive, the threat of financial contagion to emerging Asian bond …
Persistent link: https://www.econbiz.de/10010507534
Persistent link: https://www.econbiz.de/10014306488
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank …
Persistent link: https://www.econbiz.de/10014540982
We explore how a relatively small amount of heterogeneous securities created turmoil in financial markets in much of the world in 2007 and 2008. The drivers of the financial turmoil and the financial crisis of 2008 were heterogeneous securities that were hard to value. These securities created...
Persistent link: https://www.econbiz.de/10010292330
In this paper we investigate the contagion effect between stock markets of U.S and sixteen OECD countries due to Global …-2009). In order to recognize the contagion effect, we test whether the mean of the DCC coefficients in crisis period differs … OECD stock markets under study during the crisis period for most of the countries. This proves the existence of contagion …
Persistent link: https://www.econbiz.de/10010304806
intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …
Persistent link: https://www.econbiz.de/10010274723
Using a generalized vector autoregressive framework in which forecast-error variance decompositions are invariant to variable ordering, we propose measures of both total and directional volatility spillovers. We use our methods to characterize daily volatility spillovers across U.S. stock, bond,...
Persistent link: https://www.econbiz.de/10010277262
new regional institutions that Asia needs to establish to contribute to this evolving global economic architecture. …
Persistent link: https://www.econbiz.de/10010397333
debt crisis, elections in European countries have stronger contagion effects in their own region during a global slowdown …
Persistent link: https://www.econbiz.de/10010507394
To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper … of 2008 could be a game-changer in the global financial market, making the probability of financial contagion higher than … ever before. Even with improved financial conditions and stronger regulations in ASEAN+3 member countries, contagion can …
Persistent link: https://www.econbiz.de/10010397287