Attílio, Luccas Assis - In: Central Bank Review (CBR) 24 (2024) 1, pp. 1-24
In this study, we examine stock market shocks using a Global Vector Autoregressive (GVAR) model encompassing 26 … recession. Our estimates suggest that stock market fluctuations have significant potential to destabilize international markets … greater persistence in generating fluctuations compared to shocks from emerging market economies (EME); ii) negative stock …