We evaluate the degree of business cycle interdependence in the global economic network, focusing on the hypothesis that emergent market (EM) economies have decoupled from advanced economies in the recent period of globalization. We employ a novel methodological approach to the study of business...

This paper measures the evolution of the interdependence level of the global economic system using a novel approach that combines network analysis and time-varying correlations. A Scalar-BEKK model is employed to determine the dynamic conditional bilateral correlations of 102 economies for the...

This study investigates the impact of green equity indices on global market dynamics using a time-varying parameter vector autoregression (TVP-VAR) model. We uncover a significant shift in the role of the global market, transitioning from a shock transmitter to a shock receiver, as the influence...

In this paper we suggest that currency factors carry informational value by disentangling the effect each currency has on exchange rate dynamics. First, we confirm the existence of a geographical factor driving American, European and Pacific exchange rates. Second, we reveal two novel stylized...