This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We
use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for …

Using a panel of 45 major economies, we investigate the effects of geopolitical risk on the
dynamics of international capital flows. At aggregate level, capital flows for both advanced …

This paper presents the novel results from an internationally coordinated project by the
International Banking Research Network (IBRN) on the cross-border transmission of …

The literature traditionally uses US monetary and financial factors as indicators of global
financial conditions. This paper explores whether similar European factors also need to be …

Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless,
literature is scarce in this topic. Our paper sheds light on this issue in two dimensions. First …

Economic policies aimed at managing economic variables in the short and long term have
always been of special importance. These policies seek to reduce economic fluctuations in …

As a result of information asymmetry, banks have generated many non-performing loans,
jeopardizing financial stability. This paper investigates the relationship between digital …

This paper discusses the scope for international macroprudential policy coordination in a
financially integrated world economy. It begins with a review of the transmission channels …

How does domestic monetary policy in systemic countries spillover to the rest of the world?
This paper examines the transmission channel of domestic monetary policy in the cross …

While global uncertainty—measured by the VIX—has proven to be a robust global “push”
factor of international capital flows, there has been no systematic study assessing the role of …