uncertainty is proxied by the (unobserved) volatility of the structural shocks, and a regime change occurs whenever credit …

It has been established in the literature that volatility of stock returns exhibits complex properties of not only … volatility clustering, but also long memory, regime change, and substantial outliers during turbulent and calm periods. Hence …, this paper seeks to analyze volatility spillover, co-movements, independence and contagion in the Chinese, Japanese …

access to credit to one characterized by tight credit whenever the bond risk premium exceeds a critical threshold. US …

(1) level and risk dynamics. The latter includes (2) tail risk and crisis probability as well as (3) the Volatility …) undercapitalized sectors (8) time-varying risk premia, and (9) the external funding premium are part of the analysis. Financial …

The choice of instruments for mitigating economic volatility is a serious consideration for policymakers and important … markets are more effective than conventional economic policies, such as fiscal interventions, in reducing economic volatility …

discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI … irreversibility of FDI, the currency of export invoicing, risk aversion of outside agents, and effective lower bound in the rest of …