accounting, improve price and volatility discovery, and expand international risk intermediation activities …, analyze, and manage macroeconomic risk based on the theory and practice of modern contingent claims analysis (CCA). We … illustrate how to use the CCA approach to model and measure sectoral and national risk exposures, and analyze policies to offset …

This study examined how uncertainty and global risk affect financial markets in emerging economies, focusing on foreign … investment, CDS spreads, exchange rates, and stock return volatility. Using over 8.6 million ticker transaction observations and …) significantly reduce foreign net buys, more than global market volatility (VIX). While global volatility drives CDS spreads, these …