Financial integration and international risk spillovers

被引：1

作者：

Lee, Dongwon ^{[1
]}

机构：

[1] Univ Calif Riverside, Dept Econ, Riverside, CA 92521 USA

来源：

ECONOMICS LETTERS | 2023年 / 225卷

关键词：

Exchange rate regimes; Financial integration; Global financial shocks; Open-economy policy trilemma; Risk spillovers; EXCHANGE-RATES; TRILEMMA; POLICY;

D O I：

10.1016/j.econlet.2023.111049

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using static panel regression and dynamic local projection methods, we find that financial integration magnifies the transmission of global financial shocks to emerging market economies with fixed exchange rates, validating the insulation benefits of floating regimes and market segmentation. (c) 2023 Elsevier B.V. All rights reserved.

引用

页数：6

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