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The impact of the global financial crisis on business cycles in Asian emerging economies

Fidrmuc, Jarko; Korhonen, Iikka - 2009

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10003861779

The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

Fidrmuc, Jarko - 2013

Persistent link: https://www.econbiz.de/10013095773

Euro zone crisis and EU governance: Tackling a flawed design and inadequate policy arrangements

Daianu, Daniel - 2012

This paper focuses on roots of strain in the European Monetary Union (EMU). It argues that there is need for a thorough …-connectedness. Moreover, the EMU was sub-optimal from its debut and competitiveness gaps did not diminish against the backdrop of its … private sector and poor lending by banks, as well as a one-sided monetary policy, also explain this debacle. The EMU needs to …

Persistent link: https://www.econbiz.de/10011430884

Euro Zone Crisis and EU Governance: Tackling a Flawed Design and Inadequate Policy Arrangements

Daianu, Daniel - CASE-Center for Social and Economic Research - 2012

Persistent link: https://www.econbiz.de/10009650245

The Great Synchronization of International Trade Collapse

Antonakakis, Nikolaos - 2014

In this paper we examine the extent of international trade synchronization during periods of international trade collapses and US recessions. Using dynamic correlations based on monthly trade data for the G7 economies over the period 1961–2011, our results suggest rather idiosyncratic patterns...

Persistent link: https://www.econbiz.de/10013058502

Global Banking, Trade, and the International Transmission of the Great Recession

Born, Alexandra - 2018

The global financial crisis of 2007-2009 spread through different channels from its origin in the United States to large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify their relative importance for this transmission....

Persistent link: https://www.econbiz.de/10012920861

International Co-Movements in Recessions

Roth, Moritz A. - 2018

Business cycle correlations are state-dependent and higher in recessions than in expansions. In this paper, I suggest a mechanism to explain why this is the case. For this purpose, I build an international real business cycle model with occasionally binding constraints on capacity utilization...

Persistent link: https://www.econbiz.de/10012928657

International transmission of financial stress : evidence from a GVAR

Dovern, Jonas; Roye, Björn van - 2013

We analyze the international transmission of financial stress and its effects on economic activity. We construct country specific monthly financial stress indexes (FSI) using dynamic factor models from 1970 until 2012 for 20 countries. We show that there is a strong co-movement of the FSI during...

Persistent link: https://www.econbiz.de/10009761846

The Great Recession: a self-fulfilling global panic

Bacchetta, Philippe; Van Wincoop, Eric - 2013

While the 2008-2009 financial crisis originated in the United States, we witnessed steep declines in output, consumption and investment of similar magnitudes around the globe. This raises two questions. First, given the observed strong home bias in goods and financial markets, what can account...

Persistent link: https://www.econbiz.de/10010222107

The Great Recession : a self-fulfilling global panic

Bacchetta, Philippe; Van Wincoop, Eric - 2013

While the 2008-2009 fi nancial crisis originated in the United States, we witnessed steep declines in output, consumption and investment of similar magnitudes around the globe. This raises two questions. First, given the observed strong home bias in goods and fi nancial markets, what can account...

Persistent link: https://www.econbiz.de/10009751195