Global Bonding is popular PDF and ePub book, written by Mr.Tamim Bayoumi in 2012-12-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global Bonding can be Read Online from any device for your convenience.
Global Bonding Book PDF Summary
This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks reverberate around the world much more strongly than shocks from other regions, including the Euro area, while inward spillovers to the U.S. from elsewhere are minimal. There is also evidence of two-way spillovers between the UK and Euro area financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of causality of contemporaneous correlations—an issue that other techniques cannot tackle—is the dominant source of uncertainty in the estimated impulse response functions.
Detail Book of Global Bonding PDF
- Author : Mr.Tamim Bayoumi
- Release : 20 December 2012
- Publisher : International Monetary Fund
- ISBN : 9781475579574
- Genre : Business & Economics
- Total Page : 27 pages
- Language : English
- PDF File Size : 14,5 Mb
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