The aim of this paper is to assess the effectiveness and risk in the stock exchange market in Central and Eastern … and the risk and investment effectiveness analysis in the stock exchange market in CEE with regard to NYSE2‑LSE‑HKSE2 … to investment risk, the stock exchanges in CEE, due to dynamic development, are improving their investment position with …

Consumption risk sharing among U.S. federal states increases in booms and decreases in recessions. We find that small … aggregate risk sharing are more pronounced in states in which small firms account for a large share income or employment. In … to have loosened the dependence of aggregate risk sharing on the business cycle. Not only do our result support that …

the effects of global risk indices, such as the US economic uncertainty index, the crude oil volatility index, and the …This study explores the impact of real economic policy (business condition risk) on the oil-stock nexus risk … geopolitical risk index, on risk connectedness. The study is based on daily data from January 2018 to December 2020 and finds a …

economy monetary policy changes, US dollar movements, or shifts in global liquidity and risk-aversion. A novel multi … markets. Existing bankruptcy risk models developed using US data have low predictive power when applied to emerging market …-country dataset of corporate defaults allows us to quantify the importance of global shocks on emerging market corporate distress …

long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … the US 1930s, Japan 1990s and recently in the US and Europe. The paper introduces a new balance sheet channel that links …

Liquidity problems lie at the heart of crises on financial markets as demonstrated in this paper by detailed …. The events also demonstrate that modern central banks, in particular the U.S. Federal Reserve under Alan Greenspan …, provided emergency liquidity to limit the negative effects of such crises. However, the anecdotal and empirical evidence from …

response to aggregate and idiosyncratic liquidity shocks. The model combines the microeconomic view of liquidity as the ability …This paper provides a framework to analyse emergency liquidity assistance of central banks on financial markets in … to sell assets quickly and at low costs and the macroeconomic view of liquidity as a medium of exchange that influences …

in their business cycles relative to those of advanced economies. Information on the domestic price of risk, cost of …