Journal of Financial Economic Policy: Volume 8 Issue 4

Macroeconomic uncertainty and “global” economic performance: A comparative analysis of the “economic contagion” phenomenon

Rexford Abaidoo, Florence Ellis

This study aims to explore potential paradigm shift in how “global economies” react to adverse macroeconomic conditions from key dominant economies such as the US and the Chinese…

Exchange rate interest rate linkages in India: an empirical investigation

Shruti Shastri, Swati Shastri

The purpose of the paper is to examine the linkages between exchange rate and interest rate in India using quarterly data from Q1 of 1996 to Q4 of 2014.

A century of macro-financial linkages

Kim Abildgren

The recent international financial crisis and the subsequent Great Recession has underlined the need to gain a better understanding of the linkages between financial factors and…

Securitization and financial markets: the implications for interest rate pass-through

Mari L. Robertson

The transmission of monetary policy rates to lending rates is viewed as a crucial path of monetary policy. As an integral part of the financial system and the recent financial…

Does democratic transition spur financial development?

Wafa Ghardallou

The literature studying the effect of democratic political systems on financial development has found conflicting results. Besides, recent work has focused on the level effects of…

US banks’ international balance sheet linkages: a data survey

Carmela D’Avino

The purpose of this paper is to shed further light on international financial linkages created by banks. Typically, the larger the balance sheet exposure a bank has to a…

Beggaring thy neighbor at the state and local level

Ryan H. Murphy

This paper aims to address a growing empirical literature which measures the size of the fiscal multiplier at the state and local levels. This literature generally fails to…