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 … of political ties with the US along with various measures of the global financial cycle, we document evidence indicating … financial cycle. We explore several channels and find that a deepening of financial linkages along with a reduction in …