(1988) and Johansen and Juselius (1990) cointegration tests and VECM approach in investigating the dynamic linkages between …

this paper. We apply an econometric technique, using yearly aggregated data, to examine a long-term co-integration and a …-term co-integration between financial integration de facto and economic growth in China. The bidirectional causality between …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR …

We study the cross-country dimension of financial cycles for six euro area countries using three different …

-asset price movements in a sign-restricted BVAR model to analyse the extent to which euro area and US yields, equity prices, and … the euro-US dollar exchange rate are jointly driven by monetary policy, macro and global risk factors. A novelty is that … of euro area financial variables. Euro area shocks transmit much less to US financial markets in comparison, with global …

We study the cross-country dimension of financial cycles for six euro area countries using three different …

to non-financial firms. Using a structural vector autoregression analysis, we find both in the euro area and in Germany a …