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This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate conditional correlations between European bank stock indices. These correlations are used as an indication for the interdependencies amongst the banking business in Europe and...
Persistent link: https://www.econbiz.de/10011448270
Persistent link: https://www.econbiz.de/10009740769
interplay between the macro-economic imbalances, notably in the relationship between the USA and China, and the more micro … book. In the disputes about the relative culpability of China and the USA for current macro-economic problems, they tend to … emerging market economies, while the US, Japan and Europe have laboured under the great recession. The authors examine global …
Persistent link: https://www.econbiz.de/10009779378
1. The rapidly changing world economy -- 2. The great recession -- 3. Global finance and payments imbalances -- 4. The role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position -- 8. The redback, the greenback and the troubled euro...
Persistent link: https://www.econbiz.de/10012260706
"Davies's book examines the financial panics of 1873, considering both the financial speculations born of exuberance that led to these panics and the interpretative speculations born of the crises, and exploring what this in turn reveals about contemporary notions of the world economy and...
Persistent link: https://www.econbiz.de/10011877366
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The year 1873 was one of financial crisis. A boom in railway construction had spurred a bull market-but when the boom turned to bust, transatlantic panic quickly became a worldwide economic downturn. In Transatlantic Speculations, Hannah Catherine Davies offers a new lens on the panics of 1873...
Persistent link: https://www.econbiz.de/10014481528
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Cover page -- Halftitle page -- Title page -- Copyright page -- Dedication -- CONTENTS -- FIGURES -- ACKNOWLEDGEMENTS -- INTRODUCTION The Needle (and the Damage Done) -- The Needle -- The Damage Done -- What Went Wrong -- PART I ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS -- Chapter 1...
Persistent link: https://www.econbiz.de/10013331228
This paper investigates empirically the interrelationships between the daily stock market returns of the Nikkei 225, DAX and Dow Jones Industrial index. Contrary to former work this paper uses the succession of the markets in time to form different econometric models. In this way it is possible...
Persistent link: https://www.econbiz.de/10011441167