Zhou, Hang; Bian, Jiangze; Qin, Qilin; Yu, Mei - 2022
. Historical episodes, such as the 2008 financial crisis and the COVID-19 pandemic show that the connectedness of financial markets … is closely related to global systemic risks. This paper examines how U.S. monetary policy affects global financial … market connectedness from 2002 to 2021. By dividing the Fed policy announcement data into monetary policy and information …