國立虎尾科技大學 |

Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets = An Empirical Model /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets/ by Massimo Guidolin, Viola Fabbrini, Manuela Pedio.
其他題名:	An Empirical Model /
作者:	Guidolin, Massimo.
其他作者:	Fabbrini, Viola.
面頁冊數:	X, 131 p.online resource. :
Contained By:	Springer Nature eBook
標題:	Business enterprises—Finance. -
電子資源:	https://doi.org/10.1007/978-1-137-56139-8
ISBN:	9781137561398

Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets = An Empirical Model /
Guidolin, Massimo.

Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed MarketsAn Empirical Model /[electronic resource] :by Massimo Guidolin, Viola Fabbrini, Manuela Pedio. - 1st ed. 2016. - X, 131 p.online resource.

Researchers, policymakers and commentators have long debated the patterns through which adverse shocks in a few markets may quickly spread to a range of apparently disconnected financial markets causing widespread losses and turmoil. This book uses modern linear and non-linear econometric methods to characterize how shocks to the yield of risky fixed income securities, such as sub-prime asset-backed or low-credit rating sovereign bonds, are transmitted to the yields in other markets. These include equity and corporate bond markets as well as relatively risk-free fixed income securities, such as highly rated asset-backed securities and sovereign bonds from core Eurozone countries. The authors analyse and compare the results from linear and non-linear models to identify and assess four distinct contagion channels characterizing both US and European financial markets. These include the correlated information, risk premium, flight-to-liquidity, and flight-to quality channels. The results of this study support the theory that both investors and policy-makers ought to pay special attention to liquidity and commonalities in the perceptions of the probabilities of default, as channels through which financial shocks propagate.

ISBN: 9781137561398

Standard No.: 10.1007/978-1-137-56139-8doiSubjects--Topical Terms:

1253877
Business enterprises—Finance.

LC Class. No.: HG4001-4285

Dewey Class. No.: 658.15

Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets = An Empirical Model /
LDR:02631nam a22003855i 4500 001 976068
003 DE-He213
005 20200701033019.0
007 cr nn 008mamaa
008 201211s2016 xxk| s |||| 0|eng d
020 $a 9781137561398 $9 978-1-137-56139-8
024 7 $a 10.1007/978-1-137-56139-8 $2 doi
035 $a 978-1-137-56139-8
050 4 $a HG4001-4285
072 7 $a KFFH $2 bicssc
072 7 $a BUS017000 $2 bisacsh
072 7 $a KFFH $2 thema
082 0 4 $a 658.15 $2 23
100 1 $a Guidolin, Massimo. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1104850
245 1 0 $a Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets $h [electronic resource] : $b An Empirical Model / $c by Massimo Guidolin, Viola Fabbrini, Manuela Pedio.
250 $a 1st ed. 2016.
264 1 $a London : $b Palgrave Macmillan UK : $b Imprint: Palgrave Macmillan, $c 2016.
300 $a X, 131 p. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
520 $a Researchers, policymakers and commentators have long debated the patterns through which adverse shocks in a few markets may quickly spread to a range of apparently disconnected financial markets causing widespread losses and turmoil. This book uses modern linear and non-linear econometric methods to characterize how shocks to the yield of risky fixed income securities, such as sub-prime asset-backed or low-credit rating sovereign bonds, are transmitted to the yields in other markets. These include equity and corporate bond markets as well as relatively risk-free fixed income securities, such as highly rated asset-backed securities and sovereign bonds from core Eurozone countries. The authors analyse and compare the results from linear and non-linear models to identify and assess four distinct contagion channels characterizing both US and European financial markets. These include the correlated information, risk premium, flight-to-liquidity, and flight-to quality channels. The results of this study support the theory that both investors and policy-makers ought to pay special attention to liquidity and commonalities in the perceptions of the probabilities of default, as channels through which financial shocks propagate.
650 0 $a Business enterprises—Finance. $3 1253877
650 0 $a Finance. $3 559073
650 0 $a Investment banking. $3 596537
650 0 $a Securities. $3 558592
650 0 $a Corporations—Finance. $3 1253876
650 0 $a Macroeconomics. $3 554837
650 1 4 $a Business Finance. $3 1069042
650 2 4 $a Finance, general. $3 1069041
650 2 4 $a Investments and Securities. $3 1104945
650 2 4 $a Corporate Finance. $3 1069043
650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 1069052
700 1 $a Fabbrini, Viola. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1104849
700 1 $a Pedio, Manuela. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1104851
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9781137561381
776 0 8 $i Printed edition: $z 9781349851027
776 0 8 $i Printed edition: $z 9781349851010
856 4 0 $u https://doi.org/10.1007/978-1-137-56139-8
912 $a ZDB-2-BUM
912 $a ZDB-2-SXBM
950 $a Business and Management (SpringerNature-41169)
950 $a Business and Management (R0) (SpringerNature-43719)