sovereign to corporate credit risk in Europe. A ten percent increase in sovereign credit risk raises corporate credit risk on … sovereign to corporate risk transfer …

The first Greek bailout on April 11, 2010 triggered a significant reevaluation of sovereign credit risk across Europe …. We exploit this event to examine the transmission of sovereign to corporate credit risk. A ten percent increase in … sovereign credit risk raises corporate credit risk on average by 1.1 percent after the bailout. The evidence is suggestive of …

We provide a comprehensive analysis of the impact of economic and financial globalization on asset return comovements … over the past 35 years. Our globalization indicators draw a distinction between de jure openness that results from changes … different asset classes. Although globalization has trended positively for most of our sample, the global financial crisis and …

international risk sharing mostly come to advanced economies. Emerging markets only profit from more integration if they have good …

globalization for local market deepening, international risk diversification, financial contagion, and financial dollarization, and …Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

dynamics of financial integration and assesses whether advances in financial integration and globalization yield the beneficial … financial integration and globalization predict higher growth, lower growth volatility, as well as lower probabilities of … systemic real risk realizations; (c) financial integration fosters domestic financial development and the liquidity of equity …

globalization through the formulation of a unified conceptual framework that synthesizes the stock valuation model and the …