The transmission of US systemic financial stress: Evidence for emerging market economies

Fink, Fabian; Schüler, Yves S.

doi:10.1016/j.jimonfin.2015.02.019

Cited by 48 publications

(15 citation statements)

References 27 publications

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“…Similar evidence can also be found in the work of Boubaker, Jouini, and Lahiani (2016), who investigate market contagion from the United States on select developed and emerging markets during the global financial crisis. Fink and Schüler (2015) find that the U.S. systemic financial stress shocks are an important driver of economic dynamics and fluctuations in emerging market economies, and emphasize that financial interconnectedness with the United States is important relative to trade relations for international transmission. Bowman, Londono, and Sapriza (2015) also document the international transmission of the U.S. monetary policy shocks on sovereign bond yields, foreign exchange rates, and stock prices.…”

Section: Related Literature Reviewmentioning

confidence: 99%

Intermediary asset pricing in commodity futures returns

Yin

Nie

Han

2020

Journal of Futures Markets

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This paper assesses the extent to which intermediary capital (IC) risk contributes toward explaining commodity futures returns. We find that the IC effect is substantially positive and continues to grow as the financialization of commodities deepens. Positive and negative IC risks play asymmetric roles, with the effect of negative IC strengthening in recent subperiods. We further confirm the heterogeneous roles of IC across individual commodities by crosssection analyses. Overall, the effect of the positive IC risk factor varies significantly. Portfolios with low basis, low open interest, low momentum, and low liquidity earn significantly higher returns than counterparty portfolios.

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Section: Related Literature Reviewmentioning

confidence: 99%

Intermediary asset pricing in commodity futures returns

Yin

Nie

Han

2020

Journal of Futures Markets

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“…The crisis started from U.S. and spread globally through different channels. The role of financial channel remained relatively more pronounced (Chudik &Fratzscher;2011, Fry-McKibbin, Hsiao, &Tang, 2014Fink &Schüler, 2015). The crisis negatively affected the economic progression of many countries (Raz, Indra, Artikasih, & Citra, 2012;Ksantini&Boujelbène, 2014;Cevik, Dibooglu, &Kenc, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Comparative Analysis of Financial Systems in Context of Global Financial Crisis

Chaudhary

Abbas

meer³

2018

IBTJBS

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This study is aimed at analysing the relative effect of global financial crisis across diverse category countries. The top 50 countries of world are selected and categorized on the basis of financial structure and economic development level. The empirical analysis is based on panel data methodology and appropriate dummies are inserted to capture overall as well as relative effect of crisis. The study finds a substantial overall effect of crisis on economic progression of sample countries. The significance divergence for different categories is, however, not observed. Conclusion- The traditional dichotomy of financial systems doesn’t matter much in modern, globalized world. The interlinkages and interdependencies among intermediaries and markets exists across globe that contributed in rapid propagation of shocks. Practical Implications- The results of study can facilitate in better and systematic choice of financial system instead of a random one.

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“…and concluded that the imbalances of public finances and a need for sustainable public finances are the sources of conflicts. Some researches work on economic fundamentals and country spreads (Fernández & Gulan, 2015;Fink & Schüler, 2015;Mendoza & Yue, 2012). Horvath & Zhong (2019) find that external shocks have a sizeable impact on macroeconomic fluctuations in EMEs and that a considerable fraction of this impact is through the domestic stock market, while a decrease in external demand and an increase in external interest rate and uncertainty lead to a higher unemployment rate, lower stock market return, and a depreciation of the domestic currency and the EMEs' monetary policy actively responds to external shocks and dampens their impact on domestic activity.…”

Section: Introductionmentioning

confidence: 99%

Unemployment and Gross Domestic Product: Evidence from Papua New Guinea

Asri

2021

JBMR

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The principal link through which economic growth is transmitted to the poor is the amount of employment it generates which derives from the fact that labor is about the only resource in which the poor are relatively abundant, thus, for the poor, the productive use of their plentiful factor, labor, is the principal way to overcome poverty. Many factors affect the gross domestic product, such as unemployment. The objective of this research is to determine the influence of unemployment on the gross domestic product, especially in Papua New Guinea. This research uses quantitative methods and linear regression analysis. The results of the analysis show that there is a significant influence of unemployment on GDP in Papua New Guinea for the period 1991 – 2019. The influence of unemployment on GDP in Papua New Guinea is significant because of the small number of people and most of them are workers, unemployment is very influential on GDP.

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The transmission of US systemic financial stress: Evidence for emerging market economies

Cited by 48 publications

References 27 publications

Intermediary asset pricing in commodity futures returns

Intermediary asset pricing in commodity futures returns

Comparative Analysis of Financial Systems in Context of Global Financial Crisis

Unemployment and Gross Domestic Product: Evidence from Papua New Guinea

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