| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11037 |
| DP11037 Finance and Synchronization | |
| Jumana Saleheen; Jean Imbs; Ambrogio Cesa-Bianchi | |
| 发表日期 | 2016-01-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | It is well known that the bulk of international financial flows across countries are driven by common shocks. In response to these common shocks, we find that capital tends to flow systematically between the same types of countries, while the discrepancy between GDP growth rates widens. Thus, in the data synchronization falls when financial linkages rise, but only so in response to common shocks. In contrast, financial linkages tend to increase the synchronization of business cycles in response to purely country-specific shocks. |
| 主题 | Financial Economics ; International Macroeconomics and Finance |
| 关键词 | Business cycle synchronization Common shocks Contagion Financial linkages Idiosyncratic shocks |
| URL | https://cepr.org/publications/dp11037 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539866 |
| 推荐引用方式 GB/T 7714 | Jumana Saleheen,Jean Imbs,Ambrogio Cesa-Bianchi. DP11037 Finance and Synchronization. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
