Transmission and impact of stock market shocks on the world economy
In this study, we examine stock market shocks using a Global Vector Autoregressive (GVAR) model encompassing 26 countries from January 1999 to June 2022. Our findings reveal that i) shocks originating from advanced economies (AD) exhibit greater persistence in generating fluctuations compared to sho...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-03-01
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| Series: | Central Bank Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070124000039 |