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Potjagailo, Galina - 2020

With the aim to provide a detailed understanding of global financial cycles and their relevance over time, we analyse co-movement in credit, house prices, equity prices, and interest rates across 17 advanced economies over 130 years. Using a time-varying dynamic factor model, we observe global...

Persistent link: https://www.econbiz.de/10012832636

Global financial cycles since 1880

Potjagailo, Galina; Wolters, Maik H. - 2019

dynamics of co-movement and compare recent developments to earlier episodes such as the early era of financial globalization …

Persistent link: https://www.econbiz.de/10011992406

Financial development and pre-historic geographical isolation : global evidence

Kodila-Tedika, Oasis; Asongu, Simplice; Cinyabuguma, … - 2017

Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to...

Persistent link: https://www.econbiz.de/10011737396

Financial Globalization and the International Transmission of Interest Rate Shocks : The Federal Reserve and China

Wan, Xiaoli - 2017

This paper evaluates the spillovers from U.S. monetary policy to China's domestic interest rates over 1999-2016, focusing on the impacts of long-term interest rate and exchange rate regimes on the capacity of China to moderate external interest rate shocks. We find that China's central bank owns...

Persistent link: https://www.econbiz.de/10012949609

Equity Market Globalization and Portfolio Rebalancing

Kim, Kyungkeun - 2017

This paper examines how the financial globalization affects international equity mutual funds' portfolio choices in … correlated with the global market. The results help understand how the financial globalization may raise the portfolio risk of …

Persistent link: https://www.econbiz.de/10012954032

Global Asset Market Interdependencies : A Dynamic Interaction

Kusen, Alex - 2019

Currency carry trading presents a widespread trading strategy and refers to the forward premium puzzle. Investors borrow low-yielding currencies with the aim to invest in high-yielding ones in order to benefit from arbitrage opportunities. This implies that a one-to-one relationship does not...

Persistent link: https://www.econbiz.de/10012868519

The Geographic Distribution of International Currencies and RMB Internationalization

Korhonen, Iikka - 2019

The paper investigates the determinants of geographical distribution of international currencies in global financial market transactions. We implement a gravity model, in which international currency distribution depends on the characteristics of the source and destination countries. We find...

Persistent link: https://www.econbiz.de/10012903502

Global political ties and the global financial cycle

Ambrocio, Gene; Hasan, Iftekhar; Li, Xiang - 2024 - This Version: December 20, 2023

the world to a global common factor - the global financial cycle. Using voting patterns at the United Nations as a measure …

Persistent link: https://www.econbiz.de/10014448309

Globalization and Convergence of International Equity Markets

Dorodnykh, Ekaterina - 2011

MSCI World Index in order to see the level of bilateral influence between equity markets, affected by globalization … tracked global equity benchmarks of stock exchanges, traded throughout the world. In particular using a time … highlight the dynamic of financial market globalization. Second, the author uses the estimation model of security markets …

Persistent link: https://www.econbiz.de/10014177008

The changing role of emerging and frontier markets in global portfolio diversification

Pätäri, Eero; Ahmed, Sheraz; John, Elena; Karell, Ville - In: Cogent economics & finance 7 (2019) 1, pp. 1-23

Although the literature on the benefits of diversifying equity portfolios to emerging markets is abundant, the role of frontier markets in global equity portfolio diversification is clearly less examined. We contribute to the existing literature by examining three different, though closely...

Persistent link: https://www.econbiz.de/10014233132