Financial crises: A survey
Financial crises have large deleterious effects on economic activity, and as such have been
the focus of a large body of research. This study surveys the existing literature on financial …
the focus of a large body of research. This study surveys the existing literature on financial …
Financial crises explanations, types, and implications
MS Claessens, MA Kose - 2013 - books.google.com
This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …
what are the main factors explaining financial crises? Since many theories on the sources of …
Refined measures of dynamic connectedness based on time-varying parameter vector autoregressions
N Antonakakis, I Chatziantoniou… - Journal of Risk and …, 2020 - mdpi.com
In this study, we enhance the dynamic connectedness measures originally introduced by
Diebold and Yılmaz (2012, 2014) with a time-varying parameter vector autoregressive …
Diebold and Yılmaz (2012, 2014) with a time-varying parameter vector autoregressive …
[HTML][HTML] Pandemic-related financial market volatility spillovers: Evidence from the Chinese COVID-19 epicentre
Utilising Chinese-developed data based on long-standing influenza indices, and the more
recently-developed coronavirus and face mask indices, we set out to test for the presence of …
recently-developed coronavirus and face mask indices, we set out to test for the presence of …
Analysis of stock market efficiency during crisis periods in the US stock market: Differences between the global financial crisis and COVID-19 pandemic
SY Choi - Physica A: Statistical Mechanics and Its Applications, 2021 - Elsevier
In this study, we test the efficient market hypothesis for a number of sectors in the US stock
market during the COVID-19 pandemic to identify its effects on individual sectors. To test this …
market during the COVID-19 pandemic to identify its effects on individual sectors. To test this …
[引用][C] House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent it from Happening Again
A Mian - 2015 - books.google.com
“A concise and powerful account of how the great recession happened and what should be
done to avoid another one... well-argued and consistently informative.”—Wall Street Journal …
done to avoid another one... well-argued and consistently informative.”—Wall Street Journal …
Climate change and long-run discount rates: Evidence from real estate
We show that housing markets provide information about the appropriate discount rates for
valuing investments in climate change abatement. Real estate is exposed to both …
valuing investments in climate change abatement. Real estate is exposed to both …
Measuring systemic risk
We present an economic model of systemic risk in which undercapitalization of the financial
sector as a whole is assumed to harm the real economy, leading to a systemic risk …
sector as a whole is assumed to harm the real economy, leading to a systemic risk …
Recovery from financial crises: Evidence from 100 episodes
CM Reinhart, KS Rogoff - American Economic Review, 2014 - aeaweb.org
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part
of the costs of these crises owes to the protracted nature of recovery. On average, it takes …
of the costs of these crises owes to the protracted nature of recovery. On average, it takes …
Better to give than to receive: Predictive directional measurement of volatility spillovers
FX Diebold, K Yilmaz - International Journal of forecasting, 2012 - Elsevier
Using a generalized vector autoregressive framework in which forecast-error variance
decompositions are invariant to the variable ordering, we propose measures of both the total …
decompositions are invariant to the variable ordering, we propose measures of both the total …