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Persistent link: https://www.econbiz.de/10014632417
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Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that excess liquidity in one financial center can influence financial conditions elsewhere. Little formal research has addressed these issues,...
Persistent link: https://www.econbiz.de/10014400553
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly during the crisis period, whereas the equity market...
Persistent link: https://www.econbiz.de/10014400559
other adjustment options. Spillover effects to trading partners of these policies are modest …
Persistent link: https://www.econbiz.de/10014400580
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom. The analysis starts in 2002, by which point U.S....
Persistent link: https://www.econbiz.de/10014400687
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
regressions showing that when they are used to define the foreign R&D capital stock, the estimated international R&D spillover …
Persistent link: https://www.econbiz.de/10014400704
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007 …-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects … both across countries and financial markets. The sign and magnitude of the spillover effects depend both on the type of …
Persistent link: https://www.econbiz.de/10014400977