Showing 1 - 10 of 26,383
Persistent link: https://www.econbiz.de/10010220043
This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a … effective, regaining traction and preventing contagion. A central instrument to this end is the creation of the World Financial … Unit (WFU), an international currency unit conceived as a synthetic security backed by reserves composed of currencies …
Persistent link: https://www.econbiz.de/10013095450
We analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies. Using a time-varying multi-level dynamic factor model and more than 130 years of data, we analyze the dynamics of co-movement at different levels of aggregation and...
Persistent link: https://www.econbiz.de/10011987786
The authors analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies. Using a time-varying multi-level dynamic factor model and more than 130 years of data, they analyze the dynamics of co-movement and compare recent...
Persistent link: https://www.econbiz.de/10011992406
affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …, and Japanese yen trading. …
Persistent link: https://www.econbiz.de/10012232928
affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …, and Japanese yen trading. …
Persistent link: https://www.econbiz.de/10012234514
The enormity and pervasiveness of the global economic crisis that began in 2008 makes it relevant to analyze the circumstances that can explain this catastrophe. This will also provide clues to the appropriate remedial measures needed to prevent future occurrences of similar developments.The...
Persistent link: https://www.econbiz.de/10013137419
This paper explores the macroeconomic resilience of emerging market economies (EMEs) to global financial conditions over time. For this purpose, we employ a time-varying parameter VAR model to analyze the non-constant effects of global financial shocks on EME aggregate variables. Based on the...
Persistent link: https://www.econbiz.de/10013010725
With the aim to provide a detailed understanding of global financial cycles and their relevance over time, we analyse co-movement in credit, house prices, equity prices, and interest rates across 17 advanced economies over 130 years. Using a time-varying dynamic factor model, we observe global...
Persistent link: https://www.econbiz.de/10012832636
This paper provides a quantitative assessment of the relative importance of global structural shocks for changes in financial conditions across a sample of emerging market economies. We disentangle four key drivers of global financial markets (oil supply shocks, global economic news shocks,...
Persistent link: https://www.econbiz.de/10012009181