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Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach
Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015
more protected against crisis when compared to those inside the euro zone. Therefore, the so-called contagion effect is …
Persistent link: https://www.econbiz.de/10011480254
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International propagation of financial shocks in a search and matching environment
Isoré, Marlène - 2011 - First draft: April 30, 2010, This version: April 13, 2011
contagion. …
Persistent link: https://www.econbiz.de/10011346436
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The integration of international financial markets : an attempt to quantify contagion in an input-output-type analysis
Schumacher, Dieter - 2016
. In this paper, this contagion effect will be estimated by taking international capital linkages into account. Analogously …
Persistent link: https://www.econbiz.de/10011436058
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Are private banks the better banks? : an insight into the principal-agent structure and risk-taking behavior of German banks
Schmielewski, Frank; Wein, Thomas - 2012
In this study, we propose our hypothesis that the distinguishable principal-agent relationships of German banks are significantly influencing the risk-taking attitudes of bank managers. Particularly, we intend to substantiate the theory that banks owned by dispersed shareholders or federal state...
Persistent link: https://www.econbiz.de/10009515838
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Financial Contagion and the Real Economy
Baur, Dirk G. - 2010
stock markets shows that the crisis led to an increased co-movement of unexpected shocks and thus contagion in financial … stocks globally. In contrast, the evidence for contagion from the financial sector to other sectors is weak and most sectors …
Persistent link: https://www.econbiz.de/10013138715
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Financial Contagion and the Real Economy
Baur, Dirk G. - 2010
This paper analyzes the incidences of sector-specific contagion during the Global Financial Crisis of 2007-2009. The … increased co-movement of returns and thus contagion among financial sector stocks across countries and between financial sector …
Persistent link: https://www.econbiz.de/10013139246
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Market Fragility and International Market Crashes
Berger, Dave - 2012
We extend the Pukthuanthong and Roll (2009) measure of integration to provide an estimate of systemic risk within international equity markets. Our measure indicates an increasing likelihood of market crashes. The conditional probability of market crashes, especially across markets, increases...
Persistent link: https://www.econbiz.de/10013113607
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Financial Contagion During Lehman Default and Sovereign Debt Crisis : An Empirical Analysis on Euro Area Bond and Equity Markets
Gentile, Monica - 2012
also on financial markets leading internationally to what is referred as contagion, that is co-movements among asset prices … which have been excessive respect to fundamentals. The term “contagion,” generally used in contrast to “interdependence … like. Although there is still wide disagreement among economists about what contagion is exactly and how it should be …
Persistent link: https://www.econbiz.de/10013096061
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Global Safe Assets
Gourinchas, Pierre-Olivier - 2014
Will the world run out of 'safe assets' and what would be the consequences on global financial stability? We argue that in a world with competing private stores of value, the global economic system tends to favor the riskiest ones. Privately produced stores of value cannot provide sufficient...
Persistent link: https://www.econbiz.de/10013064183
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Credit Information Sharing and Stock Price Crash Risk : The Role of Information Asymmetry and Bank Regulations
Teeranutranont, Chanon - 2018
This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing through public credit registries is negatively associated...
Persistent link: https://www.econbiz.de/10012926760