The paper analyses and compares the role that the tightening in liquidity conditions and the
collapse in risk appetite played for the global transmission of the financial crisis. Dealing …

This paper analyzes waves in international capital flows. We develop a new methodology for
identifying episodes of extreme capital flow movements using data that differentiates activity …

The causes of the 2008 collapse and subsequent surge in global capital flows remain an
open and highly controversial issue. Employing a factor model coupled with a dataset of …

Using a quantile-on-quantile (QQ) approach, this study examines the heterogeneous and
asymmetric effects of monetary policy uncertainty (MPU) on stock returns in Group of Seven …

We investigate why and how the financial conditions of developing and emerging market
countries (peripheral countries) can be affected by the movements in the center economies …

We use a unique, non-public dataset of trader positions in 17 US commodity futures markets
to provide novel evidence on those markets' financialization in the past decade. We then …

This paper presents a quarterly global model combining individual country vector error‐
correcting models in which the domestic variables are related to the country‐specific foreign …

I investigate the determinants of business cycle synchronization across regions. The
linkages between trade in goods, financial openness, specialization, and business cycle …

This paper studies how financial stress, defined as periods of impaired financial
intermediation, is transmitted from advanced to emerging economies using a new financial …

Understanding the complexity of the financial transmission process across various assets—
domestically as well as within and across asset classes—requires the simultaneous …