Business cycles in emerging economies display very volatile consumption and strongly
countercyclical trade balance. We show that aggregate consumption in these economies is …

This article studies how volatility changes affect sovereign spreads in strategic default
models. Volatility changes affect savings and sovereign spreads. However, the impact of …

Using a multi-country regime-switching vector autoregressive (VAR) model we document the
existence of two regimes in the volatility of interest rates at which emerging economies …

There is a growing literature studying business cycles in emerging economies. This paper
contributes to this literature by examining how durable goods and financial frictions shape …

Con la promulgación de la ley 30822, la Superintendencia de Banca y Seguros asume la
regulación y supervisión directa del sector cooperativo que estaba a cargo de la Federación …

This paper examines how durable goods and financial frictions shape the business cycle of
a small open economy subject to shocks to trend and transitory shocks. In the data …

The purpose of the study was to establish the relationship between extreme risk and the
performance of firms listed at the Nairobi Securities Exchange. Extreme risk is a potential …

Given the rapid development of the Chinese economy over the last few decades the
Chinese capital market has gained in importance. The Chinese capital market remains …

This article studies the role of endogenous markups in the transmission of volatility shocks in
real models. I design a variant of a small open economy model with volatility shocks and firm …

Abstract [eng] The dissertation's main objective is to analyse Lithuanian business cycle and
to answer the question about the main drivers of the business cycle in Lithuania. For that …