The paper analyses the transmission of liquidity shocks and risk shocks to global financial markets. Using a Global VAR … strong during the 2010-11 sovereign debt crisis, with risk shocks driving down bond yields in key advanced economies. The … resilient to adverse shocks in 2010-11. Moreover, a flight-to-safety phenomenon across asset classes has become particularly …

The aim of this paper is to assess the effectiveness and risk in the stock exchange market in Central and Eastern … and the risk and investment effectiveness analysis in the stock exchange market in CEE with regard to NYSE2-LSE-HKSE2 … to investment risk, the stock exchanges in CEE, due to dynamic development, are improving their investment position with …

performance.Differences across countries are seemingly linked to market liquidity.The paper further finds that the US and euro … inflation and growth. It also examines international financial linkages and how the US and euro area yield curves help to ….In particular, for emerging economies with exchange rates pegged to the US dollar, the US yield curve is often found to be a better …

account only for about 8% of US asset price changes. The international propagation of shocks is strengthened in times of … to other domestic asset price shocks, and that there are also substantial international spillovers, both within and … across asset classes. The results underline the dominance of US markets as the main driver of global financial markets: US …

inflation and growth. It also examines international financial linkages and how the US and the euro area yield curves help to …-of-sample forecasting performance. Differences across countries are seemingly linked to market liquidity. The paper further finds that the … US and the euro area yield curves also have in- and out-of-sample information content for future inflation and growth in …

indicative of contagion. While we find evidence of contagion from the U.S. and the global financial sector, the effects are small …

unexplained increases in factor loadings as indicative of contagion. We find evidence of systematic contagion from US markets and …

We characterize the response of U.S., German and British stock, bond and foreign exchange markets to real-time U.S …